Allspring Global Investments Holdings LLC Lowers Stock Position in Dell Technologies Inc. (NYSE:DELL)

Allspring Global Investments Holdings LLC cut its position in shares of Dell Technologies Inc. (NYSE:DELL) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 263,320 shares of the technology company’s stock after selling 13,510 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Dell Technologies were worth $30,654,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in DELL. Burns J W & Co. Inc. NY acquired a new stake in shares of Dell Technologies in the fourth quarter valued at about $1,272,000. iA Global Asset Management Inc. boosted its stake in Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after buying an additional 5,203 shares during the period. National Pension Service boosted its stake in Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after buying an additional 50,304 shares during the period. Sky Investment Group LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $1,687,000. Finally, Enclave Advisors LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $848,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citigroup decreased their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday. Melius Research boosted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company boosted their price objective 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. Finally, Evercore ISI reiterated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $145.94.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the sale, the director now directly owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. This trade represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock valued at $115,564,106 in the last 90 days. 46.70% of the stock is currently owned by insiders.

Dell Technologies Price Performance

NYSE DELL opened at $114.28 on Friday. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70. The company has a 50-day moving average of $113.36 and a 200-day moving average of $117.10. The company has a market cap of $80.05 billion, a P/E ratio of 20.19, a P/E/G ratio of 0.91 and a beta of 0.90.

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

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

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).