Dell Technologies Inc. (NYSE:DELL) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC lowered its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 3.8% in the fourth quarter, Holdings Channel reports. The firm owned 9,144 shares of the technology company’s stock after selling 358 shares during the quarter. Bleakley Financial Group LLC’s holdings in Dell Technologies were worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sequoia Financial Advisors LLC increased its holdings in shares of Dell Technologies by 5.0% in the third quarter. Sequoia Financial Advisors LLC now owns 3,921 shares of the technology company’s stock valued at $270,000 after purchasing an additional 188 shares during the period. JT Stratford LLC raised its position in Dell Technologies by 1.0% during the 3rd quarter. JT Stratford LLC now owns 19,959 shares of the technology company’s stock worth $1,375,000 after buying an additional 190 shares during the last quarter. Mirador Capital Partners LP lifted its stake in shares of Dell Technologies by 1.7% in the 4th quarter. Mirador Capital Partners LP now owns 13,463 shares of the technology company’s stock worth $1,030,000 after acquiring an additional 226 shares during the period. Empower Advisory Group LLC increased its stake in shares of Dell Technologies by 4.9% during the third quarter. Empower Advisory Group LLC now owns 4,986 shares of the technology company’s stock worth $344,000 after acquiring an additional 235 shares during the period. Finally, Rise Advisors LLC raised its holdings in Dell Technologies by 200.0% during the third quarter. Rise Advisors LLC now owns 357 shares of the technology company’s stock worth $25,000 after purchasing an additional 238 shares in the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DELL shares. Wells Fargo & Company lifted their price objective on Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Sanford C. Bernstein upped their price objective on Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. The Goldman Sachs Group increased their price objective on Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Barclays boosted their target price on shares of Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.88.

Dell Technologies Price Performance

DELL stock opened at $117.76 on Friday. Dell Technologies Inc. has a 12 month low of $41.47 and a 12 month high of $136.16. The firm has a market capitalization of $84.06 billion, a PE ratio of 26.95, a P/E/G ratio of 1.56 and a beta of 0.92. The company’s 50 day simple moving average is $105.57 and its 200-day simple moving average is $84.48.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.47. The company had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. Dell Technologies’s revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 earnings per share. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be paid a dividend of $0.445 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Monday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 33.87%.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $78.81, for a total transaction of $250,613,593.32. Following the sale, the director now owns 293,812 shares in the company, valued at $23,155,323.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $78.81, for a total transaction of $250,613,593.32. Following the transaction, the director now directly owns 293,812 shares in the company, valued at approximately $23,155,323.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were 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 of the company’s stock, valued at $11,544,846.20. The disclosure for this sale can be found here. Insiders sold a total of 9,562,176 shares of company stock worth $969,065,630 over the last ninety days. 48.60% of the stock is currently owned by corporate insiders.

Dell Technologies 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).