Dell Technologies Inc. (NYSE:DELL) Shares Sold by Entropy Technologies LP

Entropy Technologies LP reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,415 shares of the technology company’s stock after selling 1,292 shares during the period. Entropy Technologies LP’s holdings in Dell Technologies were worth $1,776,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Burns J W & Co. Inc. NY acquired a new position in shares of Dell Technologies in the 4th quarter valued at $1,272,000. iA Global Asset Management Inc. boosted its holdings in Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after acquiring an additional 5,203 shares during the last quarter. National Pension Service grew its position in Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after acquiring an additional 50,304 shares during the period. Sky Investment Group LLC acquired a new stake in Dell Technologies during the fourth quarter worth about $1,687,000. Finally, Enclave Advisors LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $848,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 946,132 shares of company stock valued at $115,660,009. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DELL. Morgan Stanley increased their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Mizuho cut their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Wells Fargo & Company raised their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Barclays upped their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Trading Up 0.5 %

DELL stock opened at $106.45 on Monday. The firm has a 50 day simple moving average of $114.47 and a 200-day simple moving average of $117.18. The company has a market capitalization of $74.56 billion, a P/E ratio of 18.81, a PEG ratio of 0.91 and a beta of 0.90. Dell Technologies Inc. has a twelve month low of $80.49 and a twelve month high of $179.70.

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

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a $0.445 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.67%. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

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).