TB Alternative Assets Ltd. Reduces Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

TB Alternative Assets Ltd. trimmed its holdings in Dell Technologies Inc. (NYSE:DELL) by 46.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,133 shares of the technology company’s stock after selling 46,289 shares during the period. Dell Technologies accounts for about 1.6% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 18th largest position. TB Alternative Assets Ltd.’s holdings in Dell Technologies were worth $6,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clean Yield Group acquired a new position in Dell Technologies in the 3rd quarter valued at about $25,000. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies during the second quarter valued at approximately $33,000. True Wealth Design LLC boosted its position in Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in Dell Technologies in the 2nd quarter worth approximately $37,000. Finally, MCF Advisors LLC lifted its stake in shares of Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after purchasing an additional 165 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DELL. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Melius Research boosted their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Mizuho cut their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lowered their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Finally, Morgan Stanley raised their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $148.06.

Dell Technologies Trading Down 0.4 %

Shares of DELL stock opened at $109.65 on Tuesday. Dell Technologies Inc. has a twelve month low of $77.70 and a twelve month high of $179.70. The company has a market capitalization of $76.81 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. The firm has a fifty day simple moving average of $123.00 and a 200-day simple moving average of $120.13.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 EPS. Equities research analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 945,407 shares of company stock valued at $115,573,009. Company insiders own 46.70% of the company’s stock.

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).