Simplicity Solutions LLC Has $699,000 Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Simplicity Solutions LLC cut its holdings in Dell Technologies Inc. (NYSE:DELL) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,132 shares of the technology company’s stock after selling 370 shares during the quarter. Simplicity Solutions LLC’s holdings in Dell Technologies were worth $699,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its position in Dell Technologies by 17.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,076 shares of the technology company’s stock worth $706,000 after purchasing an additional 2,117 shares during the period. D.A. Davidson & CO. acquired a new stake in Dell Technologies in the first quarter worth about $304,000. MetLife Investment Management LLC acquired a new stake in Dell Technologies in the first quarter worth about $568,000. Rhumbline Advisers increased its position in Dell Technologies by 2.0% in the first quarter. Rhumbline Advisers now owns 254,266 shares of the technology company’s stock worth $12,762,000 after purchasing an additional 4,949 shares during the period. Finally, Yousif Capital Management LLC increased its position in Dell Technologies by 5.2% in the first quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock worth $306,000 after purchasing an additional 302 shares during the period. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Price Performance

NYSE:DELL opened at $119.56 on Thursday. The business’s 50-day simple moving average is $107.70 and its 200-day simple moving average is $85.66. Dell Technologies Inc. has a fifty-two week low of $41.47 and a fifty-two week high of $136.16. The stock has a market capitalization of $85.34 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 1.49 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The business had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the firm earned $1.55 EPS. Dell Technologies’s revenue for the quarter was down 10.9% compared to the same quarter last year. On average, research analysts expect that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.49%. Dell Technologies’s payout ratio is 33.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group raised their target price on Dell Technologies from $99.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Evercore ISI raised their target price on Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. TD Cowen raised their target price on Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Barclays raised their target price on Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. Finally, Wells Fargo & Company raised their target price on Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $102.88.

Insiders Place Their Bets

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction that occurred on 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 transaction, the general counsel now owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jennifer D. Saavedra sold 18,260 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the transaction, the insider now directly owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the transaction, the general counsel now directly owns 86,836 shares in the company, valued at $11,544,846.20. The disclosure for this sale can be found here. Insiders have sold 6,382,204 shares of company stock valued at $718,452,037 in the last 90 days. 48.60% of the stock is currently owned by insiders.

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).