BDF Gestion Decreases Stake in Dell Technologies Inc. (NYSE:DELL)

BDF Gestion trimmed its position in shares of Dell Technologies Inc. (NYSE:DELL) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,637 shares of the technology company’s stock after selling 1,902 shares during the quarter. BDF Gestion’s holdings in Dell Technologies were worth $1,687,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new position in Dell Technologies in the 2nd quarter valued at about $470,000. The Manufacturers Life Insurance Company grew its stake in Dell Technologies by 9.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company’s stock worth $3,111,000 after acquiring an additional 1,902 shares during the period. EP Wealth Advisors LLC raised its holdings in Dell Technologies by 15.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 3,865 shares of the technology company’s stock valued at $533,000 after acquiring an additional 519 shares during the last quarter. Truist Financial Corp lifted its stake in shares of Dell Technologies by 62.7% during the 2nd quarter. Truist Financial Corp now owns 95,735 shares of the technology company’s stock worth $13,203,000 after purchasing an additional 36,908 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of Dell Technologies by 122.8% in the second quarter. Cetera Investment Advisers now owns 184,183 shares of the technology company’s stock valued at $25,401,000 after purchasing an additional 101,519 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DELL shares. Evercore ISI reissued an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Barclays raised their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Wells Fargo & Company boosted 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. Finally, Morgan Stanley increased their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Trading Up 2.3 %

DELL opened at $105.43 on Friday. Dell Technologies Inc. has a twelve month low of $80.49 and a twelve month high of $179.70. The firm has a market cap of $73.85 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.22 and a beta of 0.92. The company has a fifty day simple moving average of $118.81 and a 200 day simple moving average of $118.40.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating 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 the consensus estimate of $24.67 billion. During the same quarter in the prior year, the business posted $1.62 earnings per share. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.69%. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

Insiders Place Their Bets

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 shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the transaction, the director now directly owns 777,347 shares in the company, valued at $97,386,032.16. This represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 946,132 shares of company stock valued at $115,660,009 in the last ninety days. Corporate insiders own 46.70% of the company’s stock.

About Dell Technologies

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).