Sumitomo Mitsui Trust Holdings Inc. lowered its stake in Dell Technologies Inc. (NYSE:DELL – Free Report) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 809,344 shares of the technology company’s stock after selling 32,469 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.11% of Dell Technologies worth $32,544,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MV Capital Management Inc. boosted its holdings in Dell Technologies by 519.2% in the first quarter. MV Capital Management Inc. now owns 613 shares of the technology company’s stock worth $25,000 after purchasing an additional 514 shares during the last quarter. Monte Financial Group LLC purchased a new position in shares of Dell Technologies during the 1st quarter worth $4,404,000. Parallel Advisors LLC boosted its stake in shares of Dell Technologies by 9.9% during the 1st quarter. Parallel Advisors LLC now owns 3,461 shares of the technology company’s stock worth $139,000 after acquiring an additional 313 shares during the last quarter. Verdence Capital Advisors LLC purchased a new position in shares of Dell Technologies during the 1st quarter worth $326,000. Finally, Fortem Financial Group LLC boosted its stake in shares of Dell Technologies by 187.6% during the 1st quarter. Fortem Financial Group LLC now owns 33,628 shares of the technology company’s stock worth $1,352,000 after acquiring an additional 21,934 shares during the last quarter. Hedge funds and other institutional investors own 25.05% of the company’s stock.
Insider Activity
In related news, Director Iv (Gp) L.L.C. Slta sold 3,529,000 shares of Dell Technologies stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $55.36, for a total value of $195,365,440.00. Following the completion of the transaction, the director now owns 135,124 shares in the company, valued at $7,480,464.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 3,529,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $55.36, for a total transaction of $195,365,440.00. Following the sale, the director now owns 135,124 shares of the company’s stock, valued at $7,480,464.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Allison Dew sold 329,038 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $55.24, for a total transaction of $18,176,059.12. Following the sale, the chief marketing officer now directly owns 98,354 shares in the company, valued at approximately $5,433,074.96. The disclosure for this sale can be found here. Insiders own 48.60% of the company’s stock.
Analyst Upgrades and Downgrades
Dell Technologies Price Performance
DELL stock opened at $54.30 on Thursday. The firm’s fifty day simple moving average is $49.89 and its 200-day simple moving average is $44.21. Dell Technologies Inc. has a 12 month low of $32.90 and a 12 month high of $56.10. The company has a market capitalization of $39.49 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 0.99 and a beta of 1.06.
Dell Technologies (NYSE:DELL – Get Free Report) last announced its quarterly earnings results on Thursday, June 1st. The technology company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.45. The firm had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.27 billion. Dell Technologies had a net margin of 2.01% and a negative return on equity of 149.49%. The firm’s quarterly revenue was down 19.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 earnings per share. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 4.59 earnings per share for the current year.
Dell Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Tuesday, July 25th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, July 24th. Dell Technologies’s payout ratio is 56.06%.
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).
Read More
- Five stocks we like better than Dell Technologies
- J.B. Hunt Transportation Services Could Hit New Highs By Year End
- Profits Decline At Goldman Sachs, Time To Pick Up Cheap Shares?
- The Squeeze Is On For Carvana Stock Prices
- Acumen Soars on Alzheimer’s Study…Street Sees It Doubling
- Live Nation Shares Rock Out Ahead of Q2 Earnings
Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
