Dell Technologies Inc. (NYSE:DELL) Shares Sold by Ieq Capital LLC

Ieq Capital LLC lessened its position in Dell Technologies Inc. (NYSE:DELL) by 13.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,148 shares of the technology company’s stock after selling 1,874 shares during the period. Ieq Capital LLC’s holdings in Dell Technologies were worth $1,400,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp increased its holdings in shares of Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after buying an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Dell Technologies by 71.8% during the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after purchasing an additional 2,641,456 shares during the period. Swedbank AB lifted its holdings in shares of Dell Technologies by 803.6% during the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock valued at $219,084,000 after purchasing an additional 1,690,709 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Dell Technologies by 5,047.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock valued at $131,170,000 after purchasing an additional 1,002,117 shares during the period. Finally, Congress Asset Management Co. acquired a new stake in Dell Technologies during the 4th quarter worth about $100,869,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 937,407 shares of company stock valued at $114,418,186. Company insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 3.0 %

Shares of NYSE:DELL opened at $114.08 on Tuesday. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The firm has a fifty day moving average price of $113.00 and a 200 day moving average price of $118.08. The stock has a market capitalization of $79.91 billion, a PE ratio of 20.16, a P/E/G ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the firm posted $1.62 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is 31.45%.

Wall Street Analyst Weigh In

Several brokerages have commented on DELL. Melius Research raised their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Barclays raised their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Morgan Stanley reduced their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Bank of America lowered their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Citigroup reduced their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research note on Friday. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $145.00.

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).