Vestmark Advisory Solutions Inc. Reduces Holdings in Dell Technologies Inc. $DELL

Vestmark Advisory Solutions Inc. reduced its position in Dell Technologies Inc. (NYSE:DELL) by 33.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 27,951 shares of the technology company’s stock after selling 14,105 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Dell Technologies were worth $3,963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in Dell Technologies during the 2nd quarter worth $528,279,000. AQR Capital Management LLC boosted its holdings in Dell Technologies by 628.5% in the second quarter. AQR Capital Management LLC now owns 1,374,078 shares of the technology company’s stock worth $168,462,000 after purchasing an additional 1,185,454 shares during the period. Vanguard Group Inc. raised its holdings in shares of Dell Technologies by 3.3% during the third quarter. Vanguard Group Inc. now owns 30,085,610 shares of the technology company’s stock worth $4,265,237,000 after purchasing an additional 964,080 shares during the period. Ameriprise Financial Inc. grew its position in shares of Dell Technologies by 37.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,203,732 shares of the technology company’s stock valued at $392,802,000 after buying an additional 867,071 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Dell Technologies by 189.4% in the third quarter. Jennison Associates LLC now owns 1,187,965 shares of the technology company’s stock valued at $168,418,000 after acquiring an additional 777,541 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DELL. Mizuho boosted their price target on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Citic Securities raised their price target on Dell Technologies from $150.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 28th. Citigroup dropped their price target on shares of Dell Technologies from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. JPMorgan Chase & Co. decreased their price target on Dell Technologies from $170.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Dell Technologies in a research report on Wednesday, January 21st. Seventeen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $158.53.

Insider Buying and Selling at Dell Technologies

In related news, Director Egon Durban sold 71,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $138.12, for a total value of $9,806,520.00. Following the completion of the sale, the director directly owned 1,172,428 shares in the company, valued at approximately $161,935,755.36. This represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 42.00% of the company’s stock.

Dell Technologies Trading Down 2.5%

Shares of DELL stock opened at $119.21 on Tuesday. The stock’s fifty day simple moving average is $121.13 and its 200-day simple moving average is $132.18. The company has a market capitalization of $79.00 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 0.71 and a beta of 1.03. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $168.08.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 25th. The technology company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.47 by $0.12. Dell Technologies had a net margin of 5.01% and a negative return on equity of 234.84%. The business had revenue of $27.01 billion during the quarter, compared to analysts’ expectations of $27.26 billion. During the same period last year, the company posted $2.15 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th were paid a $0.525 dividend. The ex-dividend date was Tuesday, January 20th. This represents a $2.10 dividend on an annualized basis and a yield of 1.8%. Dell Technologies’s payout ratio is 28.00%.

Dell Technologies Company Profile

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.