Dell Technologies Inc. (NYSE:DELL) Position Cut by Truvestments Capital LLC

Truvestments Capital LLC lowered its position in shares of Dell Technologies Inc. (NYSE:DELL) by 8.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,878 shares of the technology company’s stock after selling 167 shares during the period. Truvestments Capital LLC’s holdings in Dell Technologies were worth $214,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. SG Americas Securities LLC raised its stake in Dell Technologies by 30.5% during the 4th quarter. SG Americas Securities LLC now owns 4,044 shares of the technology company’s stock valued at $309,000 after acquiring an additional 945 shares in the last quarter. Mutual Advisors LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at about $275,000. Raymond James & Associates lifted its holdings in Dell Technologies by 27.2% in the fourth quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock worth $20,936,000 after purchasing an additional 58,590 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Dell Technologies by 1.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 57,514 shares of the technology company’s stock valued at $4,400,000 after buying an additional 621 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Dell Technologies by 1,475.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock worth $22,230,000 after buying an additional 272,144 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Stock Up 1.9 %

DELL stock traded up $2.13 during trading hours on Friday, hitting $113.56. The company’s stock had a trading volume of 8,419,931 shares, compared to its average volume of 10,385,951. The company has a market capitalization of $80.55 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. The stock has a 50 day moving average price of $140.09 and a two-hundred day moving average price of $118.44. Dell Technologies Inc. has a 12 month low of $52.05 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The company had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. Sell-side analysts expect that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be issued 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 1.57%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Analyst Ratings Changes

A number of analysts have recently commented on DELL shares. JPMorgan Chase & Co. boosted their price objective on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Bank of America upped their price target on shares of Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. UBS Group lifted their price objective on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Barclays cut their target price on shares of Dell Technologies from $98.00 to $97.00 and set an “underweight” rating for the company in a research note on Friday, May 31st. Finally, Citigroup lifted their price target 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $135.81.

Insider Activity

In other Dell Technologies news, CEO Michael S. Dell sold 2,837,829 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $133.75, for a total value of $379,559,628.75. Following the completion of the sale, the chief executive officer now directly owns 20,412,241 shares of the company’s stock, valued at approximately $2,730,137,233.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CMO Jane Tunnell sold 3,624 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total value of $529,031.52. Following the completion of the transaction, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at $13,035,138.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 2,837,829 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the completion of the sale, the chief executive officer now directly owns 20,412,241 shares in the company, valued at approximately $2,730,137,233.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,058,131 shares of company stock valued at $963,293,619. 46.70% of the stock is 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).