Jennison Associates LLC Decreases Stake in Dell Technologies Inc. (NYSE:DELL)

Jennison Associates LLC trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 32.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,369,342 shares of the technology company's stock after selling 655,694 shares during the period. Jennison Associates LLC owned 0.19% of Dell Technologies worth $104,755,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Anchor Investment Management LLC bought a new stake in Dell Technologies in the 4th quarter valued at about $26,000. Pinnacle Bancorp Inc. lifted its position in Dell Technologies by 96.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company's stock valued at $29,000 after purchasing an additional 188 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in Dell Technologies by 454.5% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company's stock valued at $37,000 after purchasing an additional 400 shares during the last quarter. Castleview Partners LLC acquired a new position in Dell Technologies during the 3rd quarter valued at about $39,000. Finally, GPS Wealth Strategies Group LLC increased its stake in Dell Technologies by 1,456.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company's stock valued at $46,000 after buying an additional 568 shares during the period. Institutional investors and hedge funds own 38.10% of the company's stock.

Dell Technologies Stock Up 4.4 %

Shares of Dell Technologies stock traded up $5.11 during trading on Tuesday, hitting $120.65. The stock had a trading volume of 5,079,372 shares, compared to its average volume of 7,195,905. The stock has a 50 day simple moving average of $109.53 and a 200 day simple moving average of $86.83. The company has a market capitalization of $86.12 billion, a PE ratio of 27.56, a P/E/G 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.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results 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. The business had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The firm's quarterly revenue was down 10.9% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share. As a group, equities analysts expect that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be issued a dividend of $0.445 per share. This is a boost from Dell Technologies's previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Monday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 33.87%.

Analyst Upgrades and Downgrades

DELL has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, February 22nd. TD Cowen raised their target price on shares of Dell Technologies from $75.00 to $105.00 and gave the company a "market perform" rating in a research note on Friday, March 1st. Sanford C. Bernstein raised their target price on shares of Dell Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. Barclays raised their target price on shares of Dell Technologies from $53.00 to $94.00 and gave the company an "underweight" rating in a research note on Friday, March 1st. Finally, Loop Capital initiated coverage on shares of Dell Technologies in a research note on Wednesday, February 28th. They issued a "buy" rating and a $125.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $104.63.

Insider Buying and Selling

In related news, insider William F. Scannell sold 106,483 shares of the firm's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares in the company, valued at $45,987,344.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider William F. Scannell sold 106,483 shares of the firm's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares in the company, valued at $45,987,344.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of Dell Technologies stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the sale, the director now owns 408,694 shares of the company's stock, valued at $51,626,226.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,382,204 shares of company stock worth $718,452,037. 48.60% of the stock is owned by company insiders.

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).