Hennion & Walsh Asset Management Inc. Sells 2,545 Shares of Dell Technologies Inc. (NYSE:DELL)

Hennion & Walsh Asset Management Inc. lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 6.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,405 shares of the technology company’s stock after selling 2,545 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Dell Technologies were worth $4,382,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DELL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Dell Technologies by 449.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock valued at $284,165,000 after buying an additional 3,038,891 shares during the period. Alkeon Capital Management LLC raised its position in shares of Dell Technologies by 241.9% in the 3rd quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock worth $294,453,000 after acquiring an additional 3,023,625 shares in the last quarter. Morgan Stanley lifted its stake in shares of Dell Technologies by 96.9% during the 3rd quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock worth $346,137,000 after purchasing an additional 2,472,866 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in Dell Technologies by 1,071.4% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,213,463 shares of the technology company’s stock valued at $92,281,000 after purchasing an additional 1,109,876 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Dell Technologies in the third quarter worth about $61,705,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Performance

NYSE DELL traded down $1.52 during trading hours on Friday, reaching $137.91. The stock had a trading volume of 20,573,566 shares, compared to its average volume of 20,408,352. Dell Technologies Inc. has a 52-week low of $51.80 and a 52-week high of $179.70. The stock has a market cap of $97.82 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.73 and a beta of 0.85. The stock has a fifty day moving average of $138.43 and a 200 day moving average of $109.99.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The business had revenue of $22.24 billion for the quarter, compared to the consensus estimate of $21.70 billion. On average, equities research analysts forecast that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.29%. Dell Technologies’s payout ratio is currently 36.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Sanford C. Bernstein lifted their price target on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. UBS Group increased their price objective on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Morgan Stanley restated an “overweight” rating and set a $155.00 target price on shares of Dell Technologies in a research note on Monday, June 17th. Finally, TD Cowen upped their target price on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.81.

Insider Activity

In other news, CEO Michael S. Dell sold 139,419 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $136.18, for a total transaction of $18,986,079.42. Following the sale, the chief executive officer now owns 30,272,822 shares of the company’s stock, valued at approximately $4,122,552,899.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the sale, the director now directly owns 114,317 shares in the company, valued at $15,462,517.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael S. Dell sold 139,419 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $136.18, for a total value of $18,986,079.42. Following the transaction, the chief executive officer now directly owns 30,272,822 shares of the company’s stock, valued at $4,122,552,899.96. The disclosure for this sale can be found here. Insiders sold a total of 6,246,728 shares of company stock valued at $842,917,457 in the last quarter. 46.70% of the stock is currently owned by company insiders.

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).