Russell Investments Group Ltd. decreased its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 886,048 shares of the technology company's stock after selling 126,887 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Dell Technologies worth $67,826,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Dell Technologies during the 4th quarter valued at $206,000. Citizens Financial Group Inc. RI increased its stake in shares of Dell Technologies by 22.0% in the fourth quarter. Citizens Financial Group Inc. RI now owns 4,010 shares of the technology company's stock valued at $307,000 after buying an additional 723 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Dell Technologies by 17.7% in the fourth quarter. Truist Financial Corp now owns 64,575 shares of the technology company's stock valued at $4,940,000 after buying an additional 9,730 shares during the last quarter. Bahl & Gaynor Inc. acquired a new position in Dell Technologies during the 4th quarter worth about $39,849,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in Dell Technologies by 3.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 147,692 shares of the technology company's stock worth $11,298,000 after acquiring an additional 5,362 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company's stock.
Insider Buying and Selling at Dell Technologies
In related news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the company's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the sale, the director now owns 535,816 shares in the company, valued at $71,997,595.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 shares were 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 owns 408,694 shares in the company, valued at $51,626,226.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the transaction, the director now owns 535,816 shares in the company, valued at $71,997,595.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,382,204 shares of company stock worth $718,452,037. Insiders own 48.60% of the company's stock.
Dell Technologies Price Performance
DELL stock traded up $2.63 during trading hours on Monday, reaching $127.70. 5,002,094 shares of the stock were exchanged, compared to its average volume of 7,127,451. The company has a market cap of $91.15 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.58 and a beta of 0.92. The firm's 50-day moving average is $113.47 and its 200-day moving average is $88.79. Dell Technologies Inc. has a 12 month low of $43.38 and a 12 month high of $136.16.
Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the firm earned $1.55 EPS. Dell Technologies's revenue for the quarter was down 10.9% compared to the same quarter last year. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.58 earnings per share for the current year.
Dell Technologies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a $0.445 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.39%. This is an increase from Dell Technologies's previous quarterly dividend of $0.37. Dell Technologies's dividend payout ratio (DPR) is 40.73%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Barclays upped their target price on shares of Dell Technologies from $53.00 to $94.00 and gave the stock an "underweight" rating in a research report on Friday, March 1st. Sanford C. Bernstein lifted their target price on Dell Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. TD Cowen boosted their target price on Dell Technologies from $75.00 to $105.00 and gave the stock a "market perform" rating in a research report on Friday, March 1st. Morgan Stanley raised their price target on Dell Technologies from $100.00 to $128.00 and gave the company an "overweight" rating in a report on Friday, March 1st. Finally, Loop Capital began coverage on shares of Dell Technologies in a research report on Wednesday, February 28th. They set a "buy" rating and a $125.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $104.63.
Check Out Our Latest Analysis on Dell Technologies
Dell Technologies Company Profile
(
Free Report)
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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