Dell Technologies Inc. $DELL Shares Sold by JT Stratford LLC

JT Stratford LLC decreased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 20.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,342 shares of the technology company’s stock after selling 3,759 shares during the quarter. JT Stratford LLC’s holdings in Dell Technologies were worth $1,307,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Vanguard Capital Wealth Advisors boosted its holdings in shares of Dell Technologies by 5.9% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company’s stock worth $207,000 after purchasing an additional 100 shares during the last quarter. Cary Street Partners Financial LLC boosted its holdings in shares of Dell Technologies by 2.7% during the first quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock worth $395,000 after purchasing an additional 116 shares during the last quarter. OneAscent Financial Services LLC boosted its holdings in shares of Dell Technologies by 3.4% during the first quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock worth $345,000 after purchasing an additional 125 shares during the last quarter. MRP Capital Investments LLC boosted its holdings in shares of Dell Technologies by 0.8% during the first quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company’s stock worth $1,365,000 after purchasing an additional 125 shares during the last quarter. Finally, Greenleaf Trust boosted its holdings in shares of Dell Technologies by 1.4% during the first quarter. Greenleaf Trust now owns 10,172 shares of the technology company’s stock worth $927,000 after purchasing an additional 136 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Down 0.1%

Shares of NYSE:DELL opened at $138.19 on Tuesday. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66. The company has a market capitalization of $93.81 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 0.97 and a beta of 1.02. The company has a 50 day moving average of $126.27 and a two-hundred day moving average of $108.98.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business had revenue of $23.38 billion for the quarter, compared to analysts’ expectations of $23.17 billion. During the same period in the previous year, the firm posted $1.27 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 22nd. Dell Technologies’s payout ratio is presently 33.49%.

Analyst Ratings Changes

DELL has been the topic of several analyst reports. Citigroup raised their price objective on Dell Technologies from $135.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Susquehanna reiterated a “neutral” rating and issued a $125.00 target price on shares of Dell Technologies in a report on Wednesday, August 13th. Mizuho lifted their target price on Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, May 19th. Evercore ISI lifted their target price on Dell Technologies from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday. Finally, Morgan Stanley lifted their target price on Dell Technologies from $89.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 6,086 shares of the business’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $123.50, for a total value of $751,621.00. Following the completion of the sale, the director directly owned 986,261 shares of the company’s stock, valued at $121,803,233.50. The trade was a 0.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William D. Green sold 50,000 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $140.00, for a total value of $7,000,000.00. Following the completion of the sale, the director directly owned 45,045 shares of the company’s stock, valued at approximately $6,306,300. This represents a 52.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,989,063 shares of company stock valued at $1,583,673,412. Company insiders own 42.00% of the company’s stock.

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).