Highland Capital Management LLC Decreases Stock Position in Dell Technologies Inc. (NYSE:DELL)

Highland Capital Management LLC decreased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 94.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,393 shares of the technology company’s stock after selling 77,696 shares during the period. Highland Capital Management LLC’s holdings in Dell Technologies were worth $336,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Anchor Investment Management LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth approximately $26,000. Rise Advisors LLC increased its position in shares of Dell Technologies by 200.0% in the 3rd quarter. Rise Advisors LLC now owns 357 shares of the technology company’s stock valued at $25,000 after purchasing an additional 238 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Dell Technologies in the 1st quarter valued at $27,000. Castleview Partners LLC purchased a new stake in shares of Dell Technologies during the 3rd quarter worth $39,000. Finally, KB Financial Partners LLC acquired a new position in shares of Dell Technologies during the second quarter worth $32,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DELL shares. TD Cowen raised their price target on Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Loop Capital assumed coverage on Dell Technologies in a research note on Wednesday, February 28th. They set a “buy” rating and a $125.00 target price for the company. The Goldman Sachs Group increased their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Sanford C. Bernstein boosted their price objective on shares of Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, Morgan Stanley increased their target price on shares of Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a research 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 issued a buy rating to the stock. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $102.88.

Dell Technologies Stock Down 2.6 %

Shares of DELL stock opened at $111.71 on Thursday. The stock’s 50-day moving average price is $95.47 and its 200 day moving average price is $79.95. The stock has a market capitalization of $79.49 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 1.45 and a beta of 0.91. Dell Technologies Inc. has a 52-week low of $37.56 and a 52-week high of $131.06.

Dell Technologies (NYSE:DELL) last released 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 in the previous year, the company posted $1.55 earnings per share. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. Analysts expect that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal 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. This represents a $1.78 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Monday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio (DPR) is 33.87%.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 239,112 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $79.43, for a total value of $18,992,666.16. Following the completion of the sale, the director now owns 293,812 shares in the company, valued at $23,337,487.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the business’s 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 sale, the director now directly owns 408,694 shares in the company, valued at approximately $51,626,226.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 239,112 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $79.43, for a total transaction of $18,992,666.16. Following the completion of the sale, the director now directly owns 293,812 shares in the company, valued at approximately $23,337,487.16. The disclosure for this sale can be found here. Insiders have sold a total of 9,558,306 shares of company stock worth $956,098,061 over the last ninety days. 48.60% of the stock is currently owned by company insiders.

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).