Dell Technologies Inc. (NYSE:DELL) Stock Position Decreased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC trimmed its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 44.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,298 shares of the technology company’s stock after selling 25,158 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Dell Technologies were worth $4,316,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DELL. Vanguard Group Inc. boosted its holdings in shares of Dell Technologies by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after buying an additional 647,192 shares during the period. Capital World Investors purchased a new position in Dell Technologies during the 1st quarter worth approximately $835,946,000. Point72 Asset Management L.P. raised its stake in Dell Technologies by 14.8% during the 4th quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock valued at $309,458,000 after purchasing an additional 520,677 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Dell Technologies by 449.8% in 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 worth $284,165,000 after buying an additional 3,038,891 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Dell Technologies by 2.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after buying an additional 51,804 shares in the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total transaction of $529,031.52. Following the sale, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Lake Group L.L.C. Silver sold 25,381 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total value of $3,411,714.02. Following the completion of the sale, the director now owns 787,669 shares of the company’s stock, valued at $105,878,466.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Jane Tunnell sold 3,624 shares of Dell Technologies stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the completion of the sale, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The disclosure for this sale can be found here. Insiders sold 6,140,496 shares of company stock valued at $722,588,749 over the last quarter. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. TD Cowen decreased their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. UBS Group decreased their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Evercore ISI restated an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a report on Wednesday, August 28th. Finally, Barclays lifted their price objective on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.75.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $114.30 on Monday. The stock has a market cap of $81.07 billion, a PE ratio of 23.33, a PEG ratio of 1.15 and a beta of 0.90. The business has a fifty day moving average of $113.98 and a two-hundred day moving average of $124.30. Dell Technologies Inc. has a 52-week low of $63.90 and a 52-week high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. Dell Technologies’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts predict that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Dell Technologies Profile

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).