Dell Technologies Inc. (NYSE:DELL) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 52.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,399,645 shares of the technology company’s stock after selling 1,547,085 shares during the quarter. Acadian Asset Management LLC’s holdings in Dell Technologies were worth $159,688,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Dell Technologies by 449.8% during the 4th 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 acquiring an additional 3,038,891 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Dell Technologies by 1,071.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,213,463 shares of the technology company’s stock worth $92,281,000 after purchasing an additional 1,109,876 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Dell Technologies by 311.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,195,871 shares of the technology company’s stock valued at $136,461,000 after buying an additional 905,279 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in Dell Technologies by 2,466.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock valued at $67,810,000 after purchasing an additional 851,867 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Dell Technologies by 303.6% during the first quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock worth $107,173,000 after buying an additional 705,167 shares in the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 0.4 %

DELL stock traded up $0.45 during trading on Friday, hitting $125.79. The company had a trading volume of 6,932,821 shares, compared to its average volume of 10,853,814. The business has a 50 day moving average of $142.37 and a 200 day moving average of $116.96. The firm has a market capitalization of $89.22 billion, a price-to-earnings ratio of 25.67, a P/E/G ratio of 1.56 and a beta of 0.92. Dell Technologies Inc. has a fifty-two week low of $52.05 and a fifty-two week high of $179.70.

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

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 2,837,829 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Lake Group L.L.C. Silver sold 25,381 shares of Dell Technologies stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total value of $3,411,714.02. Following the transaction, the director now directly owns 787,669 shares in the company, valued at approximately $105,878,466.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 2,837,829 shares of the company’s 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 sale, the chief executive officer now directly owns 20,412,241 shares of the company’s stock, valued at $2,730,137,233.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,058,131 shares of company stock valued at $963,293,619. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on DELL shares. Loop Capital increased their price objective on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. UBS Group boosted their price objective on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Wells Fargo & Company raised their price target on shares of Dell Technologies from $170.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Barclays cut their target price on shares of Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday, May 31st. Finally, Evercore ISI reiterated an “outperform” rating and set a $165.00 price target on shares of Dell Technologies in a research report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.81.

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).