Jennison Associates LLC Buys 36,621 Shares of Dell Technologies Inc. (NYSE:DELL)

Jennison Associates LLC raised its stake in Dell Technologies Inc. (NYSE:DELL) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,165,754 shares of the technology company’s stock after buying an additional 36,621 shares during the period. Jennison Associates LLC’s holdings in Dell Technologies were worth $134,341,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DELL. Marshall Wace LLP bought a new position in Dell Technologies during the second quarter valued at approximately $470,000. The Manufacturers Life Insurance Company boosted its stake in shares of Dell Technologies by 9.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company’s stock valued at $3,111,000 after purchasing an additional 1,902 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Dell Technologies during the 2nd quarter valued at $4,567,000. Centaurus Financial Inc. purchased a new position in Dell Technologies in the 2nd quarter worth $262,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in Dell Technologies by 39.6% during the third quarter. Massmutual Trust Co. FSB ADV now owns 335 shares of the technology company’s stock valued at $40,000 after buying an additional 95 shares during the period. 76.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on DELL. Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Citigroup decreased their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Evercore ISI reissued an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Melius Research lifted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company increased their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the transaction, the director now owns 810,657 shares in the company, valued at $97,059,962.61. The trade was a 38.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 946,132 shares of company stock valued at $115,660,009 over the last quarter. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Dell Technologies stock opened at $103.84 on Monday. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70. The stock has a market cap of $72.74 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.10 and a beta of 0.90. The stock’s 50 day simple moving average is $117.34 and its two-hundred day simple moving average is $117.91.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.62 earnings per share. On average, analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.71%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).