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

Signaturefd LLC reduced its stake in Dell Technologies Inc. (NYSE:DELL) by 23.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,735 shares of the technology company’s stock after selling 1,147 shares during the quarter. Signaturefd LLC’s holdings in Dell Technologies were worth $286,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DELL. FMR LLC lifted its holdings in shares of Dell Technologies by 59.6% in the 3rd quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock worth $646,053,000 after acquiring an additional 3,499,760 shares during the last quarter. Alkeon Capital Management LLC lifted its holdings in shares of Dell Technologies by 241.9% in the 3rd quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock worth $294,453,000 after acquiring an additional 3,023,625 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Dell Technologies by 96.9% in the 3rd quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock worth $346,137,000 after acquiring an additional 2,472,866 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Dell Technologies during the 3rd quarter worth approximately $85,765,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Dell Technologies by 1,071.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,213,463 shares of the technology company’s stock worth $92,281,000 after buying an additional 1,109,876 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 624,450 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $119.80, for a total transaction of $74,809,110.00. Following the transaction, the chief executive officer now directly owns 39,787,791 shares of the company’s stock, valued at approximately $4,766,577,361.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $126.32, for a total value of $47,164,730.00. Following the completion of the sale, the director now owns 408,694 shares in the company, valued at approximately $51,626,226.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 624,450 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total transaction of $74,809,110.00. Following the completion of the sale, the chief executive officer now owns 39,787,791 shares of the company’s stock, valued at approximately $4,766,577,361.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,382,204 shares of company stock valued at $718,452,037. Insiders own 48.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. The Goldman Sachs Group increased their target price on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 4th. TD Cowen increased their target price on shares of Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Barclays increased their target price on shares of Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. Finally, UBS Group increased their price objective on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $104.63.

Dell Technologies Price Performance

NYSE DELL opened at $125.04 on Friday. The firm’s fifty day moving average price is $112.60 and its 200 day moving average price is $88.11. The company has a market capitalization of $89.25 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 1.52 and a beta of 0.92. Dell Technologies Inc. has a 12 month low of $41.79 and a 12 month high of $136.16.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $22.17 billion. During the same period last year, the firm posted $1.55 EPS. The company’s revenue was down 10.9% on a year-over-year basis. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The firm also recently disclosed 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 an increase from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 40.73%.

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).