Dell Technologies Inc. (NYSE:DELL) Shares Sold by Balentine LLC

Balentine LLC trimmed its position in Dell Technologies Inc. (NYSE:DELLFree Report) by 37.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,394 shares of the technology company’s stock after selling 2,073 shares during the quarter. Balentine LLC’s holdings in Dell Technologies were worth $260,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in shares of Dell Technologies by 4.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 15,677 shares of the technology company’s stock worth $1,080,000 after acquiring an additional 600 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Dell Technologies by 248.5% during the third quarter. Nisa Investment Advisors LLC now owns 34,593 shares of the technology company’s stock worth $2,383,000 after purchasing an additional 24,666 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Dell Technologies by 17.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,123 shares of the technology company’s stock worth $491,000 after buying an additional 1,057 shares during the last quarter. MGO One Seven LLC acquired a new position in shares of Dell Technologies in the 3rd quarter valued at $1,767,000. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Dell Technologies by 5.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 134,093 shares of the technology company’s stock valued at $9,239,000 after buying an additional 7,197 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

DELL opened at $147.71 on Thursday. The company has a market cap of $105.43 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 2.30 and a beta of 0.87. Dell Technologies Inc. has a one year low of $44.45 and a one year high of $154.59. The business’s fifty day moving average is $123.93 and its two-hundred day moving average is $96.71.

Dell Technologies (NYSE:DELLGet Free Report) last posted its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The firm had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period last year, the firm posted $1.55 EPS. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. On average, analysts predict that Dell Technologies Inc. will post 6.74 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Monday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio is 40.73%.

Insider Transactions at Dell Technologies

In related news, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the completion of the sale, the general counsel now owns 86,836 shares in the company, valued at approximately $11,544,846.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the sale, the general counsel now directly owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 1,944,641 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $108.79, for a total value of $211,557,494.39. Following the transaction, the chief executive officer now directly owns 33,412,241 shares in the company, valued at approximately $3,634,917,698.39. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock valued at $718,452,037 over the last three months. 48.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DELL has been the subject of several research analyst reports. TD Cowen upped their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Citigroup raised their price objective on shares of Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group upped their target price on shares of Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 4th. JPMorgan Chase & Co. upped their price objective on Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Loop Capital started coverage on Dell Technologies in a research note on Wednesday, February 28th. They issued a “buy” rating and a $125.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $122.00.

Read Our Latest Stock Report on Dell Technologies

Dell Technologies Company Profile

(Free Report)

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).

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

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