Amundi trimmed its holdings in Dell Technologies Inc. (NYSE:DELL – Free Report) by 32.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 843,563 shares of the technology company’s stock after selling 398,477 shares during the period. Amundi owned about 0.12% of Dell Technologies worth $104,163,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. RWA Wealth Partners LLC boosted its stake in Dell Technologies by 1.0% during the 2nd quarter. RWA Wealth Partners LLC now owns 8,953 shares of the technology company’s stock valued at $1,098,000 after purchasing an additional 88 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Dell Technologies by 3.1% in the first quarter. Summit Investment Advisors Inc. now owns 3,004 shares of the technology company’s stock valued at $274,000 after purchasing an additional 90 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in shares of Dell Technologies by 4.9% during the second quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company’s stock valued at $261,000 after buying an additional 100 shares during the last quarter. Westside Investment Management Inc. grew its holdings in Dell Technologies by 84.7% during the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its position in Dell Technologies by 66.2% in the 2nd quarter. Johnson Financial Group Inc. now owns 251 shares of the technology company’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.
Dell Technologies Stock Down 0.1%
DELL opened at $138.81 on Monday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $168.08. The company’s 50-day moving average price is $143.99 and its two-hundred day moving average price is $131.67. The stock has a market cap of $93.33 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 0.93 and a beta of 1.03.
Dell Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 20th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, January 20th. Dell Technologies’s payout ratio is currently 28.00%.
Insider Buying and Selling at Dell Technologies
In related news, Director Ellen Jamison Kullman sold 79,806 shares of Dell Technologies stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $153.56, for a total value of $12,255,009.36. Following the completion of the transaction, the director directly owned 65,662 shares in the company, valued at approximately $10,083,056.72. The trade was a 54.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total value of $80,739,838.52. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 4,537,755 shares of company stock valued at $642,644,973. Insiders own 42.00% of the company’s stock.
Wall Street Analysts Forecast Growth
DELL has been the topic of a number of analyst reports. TD Cowen lifted their price objective on shares of Dell Technologies from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Barclays cut their price target on shares of Dell Technologies from $151.00 to $148.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 26th. The Goldman Sachs Group increased their price objective on shares of Dell Technologies from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Citigroup reissued a “buy” rating on shares of Dell Technologies in a research report on Wednesday, November 26th. Finally, Citic Securities upped their target price on Dell Technologies from $150.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 28th. Sixteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.84.
Get Our Latest Research Report on Dell Technologies
About Dell Technologies
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).
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