Dell Technologies Inc. (NYSE:DELL) Holdings Raised by Lyrical Asset Management LP


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Lyrical Asset Management LP increased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,956,382 shares of the technology company’s stock after buying an additional 13,756 shares during the period. Dell Technologies comprises approximately 5.0% of Lyrical Asset Management LP’s holdings, making the stock its 4th biggest holding. Lyrical Asset Management LP’s holdings in Dell Technologies were worth $363,253,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DELL. Mcmillion Capital Management Inc. purchased a new stake in Dell Technologies during the 4th quarter worth $25,000. Ironwood Wealth Management LLC. acquired a new position in Dell Technologies during the 4th quarter worth $30,000. Gemmer Asset Management LLC grew its holdings in Dell Technologies by 138.3% during the 4th quarter. Gemmer Asset Management LLC now owns 479 shares of the technology company’s stock worth $35,000 after acquiring an additional 278 shares in the last quarter. Bainco International Investors acquired a new position in Dell Technologies during the 4th quarter worth $37,000. Finally, NuWave Investment Management LLC grew its holdings in Dell Technologies by 2,631.6% during the 4th quarter. NuWave Investment Management LLC now owns 519 shares of the technology company’s stock worth $38,000 after acquiring an additional 500 shares in the last quarter. 27.38% of the stock is currently owned by hedge funds and other institutional investors.

In other Dell Technologies news, COO Jeffrey W. Clarke sold 13,946 shares of the business’s stock in a transaction dated Wednesday, February 3rd. The shares were sold at an average price of $76.75, for a total transaction of $1,070,355.50. Following the sale, the chief operating officer now directly owns 484,445 shares in the company, valued at approximately $37,181,153.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas W. Sweet sold 100,000 shares of the business’s stock in a transaction dated Tuesday, December 15th. The stock was sold at an average price of $73.22, for a total transaction of $7,322,000.00. Following the sale, the chief financial officer now owns 175,169 shares in the company, valued at $12,825,874.18. The disclosure for this sale can be found here. Insiders have sold a total of 1,169,565 shares of company stock worth $87,192,186 over the last 90 days. 48.30% of the stock is owned by insiders.

Several brokerages have weighed in on DELL. Wells Fargo & Company raised their price objective on shares of Dell Technologies from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, November 25th. UBS Group raised their price objective on shares of Dell Technologies from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, November 25th. Zacks Investment Research lowered shares of Dell Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 26th. Bank of America lifted their price target on shares of Dell Technologies from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, November 25th. Finally, Raymond James lifted their price target on shares of Dell Technologies from $69.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, November 25th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Dell Technologies has an average rating of “Buy” and an average price target of $74.05.

Dell Technologies stock traded down $1.02 during midday trading on Tuesday, reaching $79.75. 18,217 shares of the stock traded hands, compared to its average volume of 2,644,777. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 7.29. The firm has a fifty day moving average price of $76.78 and a two-hundred day moving average price of $69.48. The firm has a market cap of $59.80 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 0.95 and a beta of 0.96. Dell Technologies Inc. has a fifty-two week low of $25.51 and a fifty-two week high of $81.98.

Dell Technologies (NYSE:DELL) last posted its earnings results on Monday, November 23rd. The technology company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.62. The firm had revenue of $23.52 billion during the quarter, compared to analyst estimates of $21.93 billion. Dell Technologies had a net margin of 2.63% and a return on equity of 124.18%. During the same period in the previous year, the business posted $1.75 EPS. Analysts anticipate that Dell Technologies Inc. will post 6.25 earnings per share for the current year.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and support IT hardware, software, and services solutions worldwide. It operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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