Sachetta LLC Sells 625 Shares of Dell Technologies Inc. (NYSE:DELL)

Sachetta LLC lowered its stake in Dell Technologies Inc. (NYSE:DELL) by 55.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 503 shares of the technology company’s stock after selling 625 shares during the quarter. Sachetta LLC’s holdings in Dell Technologies were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DELL. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Dell Technologies during the fourth quarter valued at about $207,000. Zweig DiMenna Associates LLC purchased a new position in Dell Technologies in the 4th quarter worth approximately $7,721,000. Berbice Capital Management LLC bought a new position in Dell Technologies in the 4th quarter worth approximately $92,000. Cornerstone Wealth Management LLC purchased a new stake in Dell Technologies during the 4th quarter valued at approximately $856,000. Finally, Brighton Jones LLC raised its position in shares of Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after buying an additional 901 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $113.66 on Friday. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70. The firm has a 50-day simple moving average of $121.12 and a two-hundred day simple moving average of $119.63. The company has a market cap of $79.61 billion, a P/E ratio of 20.08, a PEG ratio of 1.22 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period last year, the company earned $1.62 EPS. Dell Technologies’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the sale, the director now owns 777,347 shares of the company’s stock, valued at $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 946,132 shares of company stock worth $115,660,009 in the last 90 days. 46.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DELL has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft cut their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Melius Research boosted their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley raised their price target on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Barclays upped their price objective on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Company Profile

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).