Dell Technologies Inc. (NYSE:DELL) Shares Sold by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. trimmed its position in Dell Technologies Inc. (NYSE:DELL) by 46.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,133 shares of the technology company’s stock after selling 46,289 shares during the period. Dell Technologies makes up about 1.6% of TB Alternative Assets Ltd.’s portfolio, making the stock its 18th largest holding. TB Alternative Assets Ltd.’s holdings in Dell Technologies were worth $6,123,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DELL. Clean Yield Group acquired a new stake in shares of Dell Technologies in the third quarter valued at $25,000. True Wealth Design LLC lifted its holdings in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares during the last quarter. Nemes Rush Group LLC bought a new position in shares of Dell Technologies during the 2nd quarter valued at about $33,000. MCF Advisors LLC grew its stake in shares of Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after purchasing an additional 165 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction 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 sale, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 945,407 shares of company stock valued at $115,573,009. 46.70% of the stock is owned by insiders.

Analysts Set New Price Targets

DELL has been the topic of several recent research reports. Melius Research lifted their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company boosted their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Barclays raised 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. Finally, Citigroup decreased their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $148.06.

Dell Technologies Trading Down 0.4 %

DELL stock opened at $109.65 on Tuesday. The firm has a market cap of $76.81 billion, a PE ratio of 19.37, a PEG ratio of 1.16 and a beta of 0.92. Dell Technologies Inc. has a 1 year low of $77.70 and a 1 year high of $179.70. The company has a fifty day simple moving average of $123.00 and a 200 day simple moving average of $120.13.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the prior year, the business earned $1.62 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. As a group, analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, January 22nd. 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).