1858 Wealth Management LLC Sells 10,599 Shares of Dell Technologies Inc. (NYSE:DELL)

1858 Wealth Management LLC trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 78.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,974 shares of the technology company's stock after selling 10,599 shares during the period. 1858 Wealth Management LLC's holdings in Dell Technologies were worth $271,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Dell Technologies in the fourth quarter valued at approximately $455,029,000. Vanguard Group Inc. raised its stake in shares of Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after acquiring an additional 2,662,407 shares during the last quarter. Michael & Susan Dell Foundation bought a new position in shares of Dell Technologies in the fourth quarter valued at approximately $265,052,000. Janus Henderson Group PLC raised its stake in shares of Dell Technologies by 160.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after acquiring an additional 1,865,013 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Dell Technologies by 63.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company's stock valued at $337,796,000 after acquiring an additional 1,139,318 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Insider Buying and Selling at Dell Technologies

In other news, insider William F. Scannell sold 91,230 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total value of $10,803,456.60. Following the sale, the insider now directly owns 56,429 shares in the company, valued at approximately $6,682,322.18. This trade represents a 61.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,470,322 shares of company stock valued at $167,441,630 in the last ninety days. 42.00% of the stock is currently owned by company insiders.

Dell Technologies Stock Performance

NYSE:DELL opened at $119.44 on Friday. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $150.23. The firm has a market cap of $81.08 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 1.10 and a beta of 1.01. The firm's 50-day simple moving average is $103.80 and its 200 day simple moving average is $105.05.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the prior year, the business earned $1.27 earnings per share. Dell Technologies's quarterly revenue was up 5.1% compared to the same quarter last year. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Loop Capital dropped their target price on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Barclays boosted their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. TD Cowen upped their price target on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a report on Friday, May 30th. Finally, Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $138.00.

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).

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