Federated Hermes Inc. Has $35.55 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Federated Hermes Inc. trimmed its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,730 shares of the technology company's stock after selling 45,449 shares during the quarter. Federated Hermes Inc. owned 0.07% of Dell Technologies worth $35,552,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DELL. Anchor Investment Management LLC purchased a new position in shares of Dell Technologies in the 4th quarter worth about $26,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Dell Technologies in the first quarter valued at about $27,000. Compass Wealth Management LLC acquired a new stake in shares of Dell Technologies in the fourth quarter valued at about $28,000. Pinnacle Bancorp Inc. grew its stake in shares of Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company's stock valued at $29,000 after buying an additional 188 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Dell Technologies by 263.8% in the first quarter. Tower Research Capital LLC TRC now owns 713 shares of the technology company's stock valued at $29,000 after buying an additional 517 shares in the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent research reports. Barclays increased their target price on Dell Technologies from $53.00 to $94.00 and gave the company an "underweight" rating in a research note on Friday, March 1st. Wells Fargo & Company increased their target price on Dell Technologies from $85.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. Evercore ISI increased their target price on Dell Technologies from $95.00 to $125.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. UBS Group raised their price objective on Dell Technologies from $113.00 to $141.00 and gave the company a "buy" rating in a research note on Friday. Finally, Sanford C. Bernstein lifted their price objective on Dell Technologies from $90.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $104.63.

Dell Technologies Price Performance

Shares of DELL stock traded down $3.50 on Friday, hitting $114.87. 9,440,014 shares of the stock traded hands, compared to its average volume of 7,762,987. The company has a market capitalization of $81.99 billion, a PE ratio of 26.29, a PEG ratio of 1.45 and a beta of 0.92. Dell Technologies Inc. has a 1-year low of $41.47 and a 1-year high of $136.16. The company's fifty day moving average is $108.95 and its 200 day moving average is $86.48.

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

Dell Technologies Increases Dividend

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

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction on 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 sale, the director now directly owns 408,694 shares of the company's stock, valued at $51,626,226.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Michael S. Dell sold 624,450 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total transaction of $74,809,110.00. Following the transaction, the chief executive officer now directly owns 39,787,791 shares of the company's stock, valued at $4,766,577,361.80. The sale was disclosed in a filing 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 the firm's stock in a transaction on 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 directly owns 408,694 shares in the company, valued at $51,626,226.08. The disclosure for this sale can be found here. Insiders have sold 6,382,204 shares of company stock valued at $718,452,037 over the last three months. Company insiders own 48.60% 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).