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

Jennison Associates LLC decreased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 68.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,185 shares of the technology company's stock after selling 802,569 shares during the quarter. Jennison Associates LLC owned 0.05% of Dell Technologies worth $33,104,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of Dell Technologies during the 4th quarter worth $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth $25,000. Cullen Frost Bankers Inc. increased its holdings in shares of Dell Technologies by 270.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after buying an additional 222 shares during the last quarter. Finally, Crowley Wealth Management Inc. boosted its position in Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DELL shares. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Morgan Stanley raised their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. Bank of America boosted their price target on shares of Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a research report on Friday. Finally, Citigroup upped their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.06.

Insider Transactions at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the completion of the sale, the insider owned 56,429 shares of the company's stock, valued at approximately $6,682,322.18. The trade was a 61.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the sale, the general counsel directly owned 79,928 shares of the company's stock, valued at $8,697,764.96. The trade was a 46.75% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,897,063 shares of company stock valued at $1,570,909,812. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Stock Performance

DELL stock traded up $7.20 during midday trading on Friday, hitting $131.08. 11,017,744 shares of the stock were exchanged, compared to its average volume of 8,515,424. The stock's 50-day moving average price is $117.32 and its 200-day moving average price is $105.93. The stock has a market cap of $88.98 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.21 and a beta of 1.02. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period last year, the firm earned $1.27 earnings per share. The business's revenue was up 5.1% compared to the same quarter last year. Research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.60%. Dell Technologies's payout ratio is currently 33.49%.

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).