Dell Technologies Inc. (NYSE:DELL) Shares Sold by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp lowered its stake in Dell Technologies Inc. (NYSE:DELL) by 16.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 40,834 shares of the technology company’s stock after selling 8,166 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Dell Technologies were worth $3,124,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new position in Dell Technologies during the fourth quarter worth about $79,000. Aspire Private Capital LLC boosted its stake in Dell Technologies by 3.3% during the fourth quarter. Aspire Private Capital LLC now owns 13,512 shares of the technology company’s stock worth $1,034,000 after buying an additional 429 shares during the last quarter. RWA Wealth Partners LLC increased its stake in shares of Dell Technologies by 89.2% in the 4th quarter. RWA Wealth Partners LLC now owns 10,080 shares of the technology company’s stock worth $771,000 after acquiring an additional 4,753 shares during the last quarter. Monument Capital Management raised its holdings in shares of Dell Technologies by 19.6% during the 4th quarter. Monument Capital Management now owns 4,836 shares of the technology company’s stock worth $370,000 after acquiring an additional 791 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in shares of Dell Technologies by 50.3% during the 4th quarter. Handelsbanken Fonder AB now owns 140,479 shares of the technology company’s stock valued at $10,747,000 after acquiring an additional 46,993 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In related news, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total value of $2,193,026.00. Following the transaction, the insider now directly owns 206,961 shares of the company’s stock, valued at $24,856,016.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Jennifer D. Saavedra sold 18,260 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the completion of the transaction, the insider now owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Dell sold 1,944,641 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $108.79, for a total value of $211,557,494.39. Following the transaction, the chief executive officer now owns 33,412,241 shares of the company’s stock, valued at $3,634,917,698.39. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,382,204 shares of company stock worth $718,452,037. 48.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on DELL. Evercore ISI raised their price objective on Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. The Goldman Sachs Group upped their target price on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Wells Fargo & Company increased their price objective on shares of Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Morgan Stanley upped their target price on shares of Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Finally, Sanford C. Bernstein increased their price objective on Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $104.63.

Dell Technologies Stock Down 0.4 %

Shares of NYSE:DELL traded down $0.43 during trading on Wednesday, hitting $120.20. 5,624,643 shares of the company were exchanged, compared to its average volume of 7,176,256. Dell Technologies Inc. has a 1-year low of $41.47 and a 1-year high of $136.16. The company has a market capitalization of $85.80 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 1.46 and a beta of 0.92. The business’s 50 day moving average is $110.26 and its 200-day moving average is $87.21.

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

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Monday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 40.73%.

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).