Knights of Columbus Asset Advisors LLC Sells 27,982 Shares of Dell Technologies Inc. (NYSE:DELL)

Knights of Columbus Asset Advisors LLC lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 28.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,110 shares of the technology company's stock after selling 27,982 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Dell Technologies were worth $5,287,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Dell Technologies by 655.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,534,968 shares of the technology company's stock valued at $182,351,000 after purchasing an additional 3,934,878 shares in the last quarter. FMR LLC boosted its holdings in shares of Dell Technologies by 59.6% in the 3rd quarter. FMR LLC now owns 9,376,674 shares of the technology company's stock valued at $646,053,000 after purchasing an additional 3,499,760 shares in the last quarter. Alkeon Capital Management LLC boosted its holdings in shares of Dell Technologies by 241.9% in the 3rd quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company's stock valued at $294,453,000 after purchasing an additional 3,023,625 shares in the last quarter. Norges Bank acquired a new stake in shares of Dell Technologies in the 4th quarter valued at $111,100,000. Finally, Morgan Stanley boosted its holdings in shares of Dell Technologies by 96.9% in the 3rd quarter. Morgan Stanley now owns 5,023,755 shares of the technology company's stock valued at $346,137,000 after purchasing an additional 2,472,866 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company's stock.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the completion of the sale, the director now directly owns 408,694 shares in the company, valued at approximately $51,626,226.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Dell Technologies news, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the completion of the transaction, the insider now owns 206,961 shares in the company, valued at approximately $24,856,016.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of Dell Technologies stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $126.32, for a total value of $47,164,730.00. Following the transaction, the director now owns 408,694 shares of the company's stock, valued at approximately $51,626,226.08. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock worth $718,452,037 in the last three months. Company insiders own 48.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Morgan Stanley raised their price objective on Dell Technologies from $100.00 to $128.00 and gave the company an "overweight" rating in a report on Friday, March 1st. Wells Fargo & Company raised their price objective on Dell Technologies from $85.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, March 1st. Sanford C. Bernstein raised their price objective on Dell Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, March 1st. TD Cowen raised their price objective on Dell Technologies from $75.00 to $105.00 and gave the company a "market perform" rating in a report on Friday, March 1st. Finally, Evercore ISI raised their price objective on Dell Technologies from $95.00 to $125.00 and gave the company an "outperform" rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $104.63.

Dell Technologies Stock Performance

Shares of DELL stock traded down $3.50 during mid-day trading on Friday, hitting $114.87. The company's stock had a trading volume of 9,440,014 shares, compared to its average volume of 7,762,987. The company's fifty day simple moving average is $108.95 and its 200-day simple moving average is $86.35. Dell Technologies Inc. has a 52 week low of $41.47 and a 52 week high of $136.16. The company has a market cap of $81.99 billion, a PE ratio of 26.29, a P/E/G ratio of 1.50 and a beta of 0.92.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The firm had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same period last year, the company posted $1.55 EPS. The business's quarterly revenue was down 10.9% on a year-over-year basis. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be paid a $0.445 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 1.55%. Dell Technologies's dividend payout ratio (DPR) is currently 33.87%.

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).