LSV Asset Management Sells 130,200 Shares of Dell Technologies Inc. (NYSE:DELL)

LSV Asset Management cut its holdings in Dell Technologies Inc. (NYSE:DELL) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,691,060 shares of the technology company’s stock after selling 130,200 shares during the period. Dell Technologies accounts for 0.9% of LSV Asset Management’s investment portfolio, making the stock its 12th biggest position. LSV Asset Management’s holdings in Dell Technologies were worth $435,366,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Anchor Investment Management LLC purchased a new stake in shares of Dell Technologies in the fourth quarter worth about $26,000. Pinnacle Bancorp Inc. boosted its holdings in Dell Technologies by 96.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA grew its position in shares of Dell Technologies by 454.5% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock valued at $37,000 after purchasing an additional 400 shares in the last quarter. Castleview Partners LLC bought a new position in shares of Dell Technologies in the third quarter worth $39,000. Finally, GPS Wealth Strategies Group LLC raised its position in shares of 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 in the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

DELL stock traded up $1.71 during trading on Friday, hitting $125.10. 3,942,765 shares of the company traded hands, compared to its average volume of 6,811,654. The firm has a market capitalization of $89.30 billion, a PE ratio of 28.63, a P/E/G ratio of 1.58 and a beta of 0.87. Dell Technologies Inc. has a 1 year low of $44.08 and a 1 year high of $136.16. The company has a 50-day moving average of $116.47 and a 200-day moving average of $90.03.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping 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%. Dell Technologies’s revenue for the quarter 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. Sell-side analysts expect that Dell Technologies Inc. will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were issued a $0.445 dividend. The ex-dividend date was Monday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 1.42%. Dell Technologies’s dividend payout ratio is 40.73%.

Insider Transactions at Dell Technologies

In other news, General Counsel Richard J. Rothberg sold 93,954 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the transaction, the general counsel now owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, General Counsel Richard J. Rothberg sold 93,954 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the sale, the general counsel now directly owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of Dell Technologies stock in a transaction dated 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 directly owns 408,694 shares of the company’s stock, valued at $51,626,226.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,382,204 shares of company stock valued at $718,452,037. Company insiders own 48.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DELL shares. Loop Capital began coverage on Dell Technologies in a research note on Wednesday, February 28th. They issued a “buy” rating and a $125.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. UBS Group boosted their price target on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. 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 report on Friday, March 1st. Finally, JPMorgan Chase & Co. upped their target price 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $104.63.

Dell Technologies Company 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).