Bessemer Group Inc. Decreases Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Bessemer Group Inc. decreased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 88.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,786 shares of the technology company's stock after selling 13,555 shares during the quarter. Bessemer Group Inc.'s holdings in Dell Technologies were worth $163,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DELL. Brighton Jones LLC raised its stake in Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after purchasing an additional 901 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Dell Technologies by 4.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 36,792 shares of the technology company's stock valued at $4,240,000 after purchasing an additional 1,417 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in Dell Technologies during the fourth quarter valued at $685,000. US Bancorp DE raised its stake in shares of Dell Technologies by 10.8% in the fourth quarter. US Bancorp DE now owns 32,954 shares of the technology company's stock valued at $3,798,000 after acquiring an additional 3,224 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of Dell Technologies by 79.4% in the fourth quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock valued at $1,312,000 after acquiring an additional 5,040 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DELL. KeyCorp began coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. JPMorgan Chase & Co. increased their target price on shares of Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. UBS Group reduced their target price on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Finally, Raymond James Financial increased their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $123.50 on Thursday. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $150.23. The firm's 50-day moving average is $109.75 and its two-hundred day moving average is $105.24. The stock has a market cap of $83.84 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.12 and a beta of 1.02.

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

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.

Insiders Place Their Bets

In related news, Director Lake Group L.L.C. Silver sold 10,681 shares of Dell Technologies stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $120.33, for a total value of $1,285,244.73. Following the completion of the sale, the director directly owned 938,741 shares in the company, valued at $112,958,704.53. This trade represents a 1.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the completion of the sale, the director owned 960,050 shares of the company's stock, valued at $121,158,310. This trade represents a 39.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,113,977 shares of company stock worth $1,471,321,229. Insiders own 42.00% of the company's stock.

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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