Fort Washington Investment Advisors Inc. OH Cuts Stake in Dell Technologies Inc. (NYSE:DELL)

Fort Washington Investment Advisors Inc. OH decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 19.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,233 shares of the technology company’s stock after selling 1,541 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Dell Technologies were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in DELL. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Dell Technologies by 17.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,076 shares of the technology company’s stock valued at $706,000 after purchasing an additional 2,117 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Dell Technologies during the 1st quarter valued at $304,000. MetLife Investment Management LLC bought a new stake in Dell Technologies during the 1st quarter valued at $568,000. Rhumbline Advisers raised its holdings in Dell Technologies by 2.0% during the 1st quarter. Rhumbline Advisers now owns 254,266 shares of the technology company’s stock valued at $12,762,000 after buying an additional 4,949 shares during the last quarter. Finally, Yousif Capital Management LLC raised its holdings in Dell Technologies by 5.2% during the 1st quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock valued at $306,000 after buying an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $111.71 on Thursday. The company has a 50-day moving average of $95.47 and a 200 day moving average of $79.95. The firm has a market cap of $79.49 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.43 and a beta of 0.91. Dell Technologies Inc. has a 1 year low of $37.56 and a 1 year high of $131.06.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 165.52%. The company had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same period last year, the business earned $1.55 EPS. Dell Technologies’s quarterly revenue was down 10.9% compared to the same quarter last year. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.59%. 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. Dell Technologies’s dividend payout ratio (DPR) is presently 33.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Raymond James upped their price target on shares of Dell Technologies from $68.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, December 1st. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. TD Cowen upped their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Morgan Stanley upped their price objective on shares of Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, UBS Group upped their price objective on shares of Dell Technologies from $99.00 to $113.00 and gave the stock a “buy” 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.88.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $78.81, for a total transaction of $250,613,593.32. Following the sale, the director now owns 293,812 shares of the company’s stock, valued at approximately $23,155,323.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $78.81, for a total transaction of $250,613,593.32. Following the sale, the director now owns 293,812 shares of the company’s stock, valued at approximately $23,155,323.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the transaction, the director now directly owns 408,694 shares in the company, valued at approximately $51,626,226.08. The disclosure for this sale can be found here. Insiders have sold a total of 9,558,306 shares of company stock valued at $956,098,061 in the last 90 days. 48.60% of the stock is currently owned by insiders.

Dell Technologies 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).