OLD National Bancorp IN Sells 459 Shares of Dell Technologies Inc. (NYSE:DELL)

OLD National Bancorp IN reduced its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,245 shares of the technology company’s stock after selling 459 shares during the period. OLD National Bancorp IN’s holdings in Dell Technologies were worth $401,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new position in Dell Technologies during the 4th quarter valued at about $26,000. Pinnacle Bancorp Inc. lifted its position in Dell Technologies by 96.9% during the 4th 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. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Dell Technologies by 454.5% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock worth $37,000 after buying an additional 400 shares during the last quarter. Castleview Partners LLC purchased a new position in Dell Technologies in the third quarter worth about $39,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in Dell Technologies by 1,456.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock worth $46,000 after buying an additional 568 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In related news, insider William F. Scannell sold 106,483 shares of the company’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 sale, the insider now owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider William F. Scannell sold 106,483 shares of the company’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 sale, the insider now owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the sale, the general counsel now directly owns 86,836 shares in the company, valued at approximately $11,544,846.20. The disclosure for this sale can be found here. Insiders have sold a total of 6,382,204 shares of company stock valued at $718,452,037 over the last 90 days. 48.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on DELL shares. The Goldman Sachs Group lifted their target price on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 4th. TD Cowen boosted their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, March 1st. Sanford C. Bernstein boosted their price objective on shares of Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Loop Capital started coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They set a “buy” rating and a $125.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.63.

Dell Technologies Price Performance

DELL opened at $120.19 on Thursday. The firm has a market cap of $85.79 billion, a P/E ratio of 27.50, a PEG ratio of 1.53 and a beta of 0.92. Dell Technologies Inc. has a 1-year low of $41.47 and a 1-year high of $136.16. The company has a 50 day simple moving average of $110.94 and a two-hundred day simple moving average of $87.44.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The firm had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. Equities analysts anticipate that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Monday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s payout ratio is 40.73%.

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).