Dell Technologies Inc. (NYSE:DELL) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lowered its position in Dell Technologies Inc. (NYSE:DELL) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 582,037 shares of the technology company’s stock after selling 13,866 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.08% of Dell Technologies worth $44,526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Brown Brothers Harriman & Co. acquired a new position in shares of Dell Technologies during the first quarter valued at approximately $27,000. Compass Wealth Management LLC acquired a new position in shares of Dell Technologies during the fourth quarter valued at approximately $28,000. Pinnacle Bancorp Inc. increased its stake in shares of Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after acquiring an additional 188 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Dell Technologies by 263.8% during the first quarter. Tower Research Capital LLC TRC now owns 713 shares of the technology company’s stock valued at $29,000 after acquiring an additional 517 shares during the period. Institutional investors and hedge funds own 38.10% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the topic of a number of research analyst reports. TD Cowen raised their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Loop Capital assumed coverage on shares of Dell Technologies in a research note on Wednesday, February 28th. They set a “buy” rating and a $125.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Finally, Barclays lifted their price target on shares of Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.63.

Dell Technologies Stock Performance

Dell Technologies stock opened at $114.85 on Friday. The company has a 50 day moving average price of $108.95 and a 200 day moving average price of $86.22. Dell Technologies Inc. has a 52 week low of $41.47 and a 52 week high of $136.16. The firm has a market capitalization of $81.98 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 1.51 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. The company had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The company’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the business posted $1.55 EPS. Equities analysts forecast that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be paid a dividend of $0.445 per share. The ex-dividend date is Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.55%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio (DPR) is 33.87%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 373,375 shares of Dell Technologies stock in a transaction on Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the sale, the director now owns 408,694 shares of the company’s stock, valued at approximately $51,626,226.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the transaction, the director now owns 408,694 shares in the company, valued at approximately $51,626,226.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William F. Scannell sold 106,483 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the transaction, the insider now owns 356,077 shares in the company, valued at approximately $45,987,344.55. The disclosure for this sale can be found here. Insiders sold 6,382,204 shares of company stock valued at $718,452,037 in the last quarter. Company insiders own 48.60% of the company’s stock.

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).