Dell Technologies Inc. (NYSE:DELL) Shares Sold by Kathmere Capital Management LLC

Kathmere Capital Management LLC lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 4,595 shares of the technology company’s stock after selling 102 shares during the quarter. Kathmere Capital Management LLC’s holdings in Dell Technologies were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after buying an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC lifted its position in Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after acquiring an additional 2,641,456 shares during the period. International Assets Investment Management LLC grew its stake in Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after purchasing an additional 2,415,234 shares during the last quarter. Alkeon Capital Management LLC raised its stake in shares of Dell Technologies by 48.3% in the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after purchasing an additional 699,204 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Dell Technologies by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock worth $204,538,000 after purchasing an additional 29,717 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Trading Up 0.1 %

NYSE:DELL opened at $109.19 on Thursday. The firm has a market cap of $76.48 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 1.25 and a beta of 0.92. The stock has a 50 day moving average of $124.62 and a two-hundred day moving average of $120.83. Dell Technologies Inc. has a 12 month low of $76.90 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.62 EPS. On average, research analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.63%. Dell Technologies’s payout ratio is presently 31.45%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 945,407 shares of company stock valued at $115,573,009. Corporate insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

DELL has been the subject of several research reports. Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Barclays lifted their price objective on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Citigroup dropped their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Morgan Stanley upped their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Melius Research lifted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $148.06.

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).