LSV Asset Management Cuts Stock Position in Dell Technologies Inc. (NYSE:DELL)

Key Points

• LSV Asset Management reduced its stake in Dell Technologies by 3.4%, owning approximately 0.41% of the company worth $262.9 million after selling 102,160 shares.
• Insider trading activity showed a significant 39.98% decrease in shares owned by Director William D. Green, who sold 30,000 shares for $4,050,000.
• Despite a mixed earnings report, analysts maintain a positive outlook on Dell Technologies, with a consensus rating of "Moderate Buy" and a target price averaging $140.06.

LSV Asset Management decreased its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,884,560 shares of the technology company's stock after selling 102,160 shares during the quarter. LSV Asset Management owned approximately 0.41% of Dell Technologies worth $262,928,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new position in shares of Dell Technologies in the 4th quarter valued at about $25,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Dell Technologies in the 1st quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of Dell Technologies in the 1st quarter valued at about $26,000. Cullen Frost Bankers Inc. increased its holdings in shares of Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after acquiring an additional 222 shares during the last quarter. Finally, Crowley Wealth Management Inc. increased its holdings in shares of 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 acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Buying and Selling

In related news, Director William D. Green sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $135.00, for a total value of $4,050,000.00. Following the completion of the transaction, the director directly owned 45,045 shares of the company's stock, valued at $6,081,075. This trade represents a 39.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Brunilda Rios sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.29, for a total value of $757,740.00. Following the completion of the transaction, the chief accounting officer directly owned 18,948 shares of the company's stock, valued at $2,392,942.92. The trade was a 24.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,947,063 shares of company stock valued at $1,577,559,812 in the last quarter. Corporate insiders own 42.00% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DELL. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Citigroup upped their target price on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Raymond James Financial upped their target price on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. UBS Group decreased their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, Wall Street Zen cut Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $140.06.

Dell Technologies Price Performance

Dell Technologies stock opened at $127.29 on Friday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The company has a market cap of $86.41 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.08 and a beta of 1.02. The stock's 50 day moving average price is $121.11 and its 200 day moving average price is $106.89.

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 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 business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period last year, the business posted $1.27 EPS. Dell Technologies's revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were issued a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.6%. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

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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