Bank of New York Mellon Corp Has $161.23 Million Stake in Dell Technologies Inc. (NYSE:DELL)

Bank of New York Mellon Corp cut its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 39.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,768,799 shares of the technology company's stock after selling 1,162,441 shares during the period. Bank of New York Mellon Corp owned 0.25% of Dell Technologies worth $161,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Bellwether Advisors LLC acquired a new stake in shares of Dell Technologies in the 4th quarter worth $25,000. Smallwood Wealth Investment Management LLC acquired a new position in Dell Technologies in the 1st quarter valued at about $25,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies in the 4th quarter valued at about $26,000. Crowley Wealth Management Inc. boosted its holdings in Dell Technologies by 86.2% in the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after purchasing an additional 150 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new position in Dell Technologies in the 1st quarter valued at about $32,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Down 0.8%

NYSE DELL traded down $1.01 during trading hours on Friday, hitting $126.90. 3,558,127 shares of the stock were exchanged, compared to its average volume of 8,612,370. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66. The company has a market cap of $86.15 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.18 and a beta of 1.02. The stock has a 50-day moving average of $113.61 and a 200 day moving average of $105.63.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $23.17 billion. During the same quarter last year, the company posted $1.27 earnings per share. Dell Technologies's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is presently 33.49%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the sale, the director directly owned 960,050 shares of the company's stock, valued at $121,158,310. The trade was a 39.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the completion of the transaction, the director owned 938,741 shares in the company, valued at approximately $105,918,147.03. This represents a 35.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,113,977 shares of company stock valued at $1,471,321,229. Corporate insiders own 42.00% of the company's stock.

Analysts Set New Price Targets

DELL has been the subject of several recent analyst reports. TD Cowen raised their target price on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Morgan Stanley boosted their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. KeyCorp assumed coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They set a "sector weight" rating for the company. Barclays boosted their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. Finally, Raymond James Financial increased their price objective on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock 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).