Rheos Capital Works Inc. lessened its stake in Dell Technologies Inc. (NYSE:DELL – Free Report) by 49.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,000 shares of the technology company’s stock after selling 250,000 shares during the quarter. Dell Technologies comprises 1.1% of Rheos Capital Works Inc.’s investment portfolio, making the stock its 26th biggest position. Rheos Capital Works Inc.’s holdings in Dell Technologies were worth $19,508,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in shares of Dell Technologies during the fourth quarter worth about $26,000. Rise Advisors LLC grew its holdings in shares of Dell Technologies by 200.0% during the third quarter. Rise Advisors LLC now owns 357 shares of the technology company’s stock worth $25,000 after purchasing an additional 238 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Dell Technologies during the first quarter worth about $27,000. Castleview Partners LLC bought a new stake in Dell Technologies in the third quarter valued at approximately $39,000. Finally, KB Financial Partners LLC bought a new stake in Dell Technologies in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 38.10% of the company’s stock.
Insider Transactions at Dell Technologies
In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 1,019,203 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $110.06, for a total value of $112,173,482.18. Following the completion of the transaction, the director now owns 535,816 shares in the company, valued at approximately $58,971,908.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Dell Technologies news, insider Jennifer D. Saavedra sold 18,260 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total value of $2,193,026.00. Following the sale, the insider now owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 1,019,203 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $110.06, for a total value of $112,173,482.18. Following the completion of the sale, the director now directly owns 535,816 shares in the company, valued at approximately $58,971,908.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,558,306 shares of company stock worth $956,098,061. 48.60% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Barclays upped their target price on Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a report on Friday, March 1st. UBS Group upped their target price on Dell Technologies from $99.00 to $113.00 and gave the company a “buy” rating in a report on Friday, March 1st. Loop Capital initiated coverage on Dell Technologies in a research note on Wednesday, February 28th. They issued a “buy” rating and a $125.00 price target on the stock. Wells Fargo & Company boosted their price target on Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Finally, Sanford C. Bernstein boosted their price target on Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. One investment 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, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.88.
Dell Technologies Stock Down 1.6 %
NYSE DELL traded down $1.80 on Friday, reaching $112.24. The company had a trading volume of 4,711,422 shares, compared to its average volume of 12,354,614. The stock has a market capitalization of $79.87 billion, a P/E ratio of 25.68, a P/E/G ratio of 1.42 and a beta of 0.91. The company’s fifty day moving average is $94.09 and its 200 day moving average is $79.33. Dell Technologies Inc. has a 52-week low of $36.81 and a 52-week high of $131.06.
Dell Technologies (NYSE:DELL – Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a negative return on equity of 165.52% and a net margin of 3.63%. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS. On average, research analysts expect that Dell Technologies Inc. will post 6.58 EPS for the current year.
Dell Technologies Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be paid a dividend of $0.445 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.59%. Dell Technologies’s dividend payout ratio is presently 33.87%.
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).