FUKOKU MUTUAL LIFE INSURANCE Co Sells 714 Shares of Dell Technologies Inc. (NYSE:DELL)

FUKOKU MUTUAL LIFE INSURANCE Co cut its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 25.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,106 shares of the technology company’s stock after selling 714 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Dell Technologies were worth $243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after purchasing an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Dell Technologies by 71.8% during the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after purchasing an additional 2,641,456 shares in the last quarter. Swedbank AB grew its holdings in shares of Dell Technologies by 803.6% during the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after purchasing an additional 1,690,709 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Dell Technologies by 63.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock worth $337,796,000 after purchasing an additional 1,139,318 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Dell Technologies by 5,047.4% in the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock worth $131,170,000 after buying an additional 1,002,117 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Trading Up 4.6 %

DELL opened at $115.72 on Thursday. The stock has a fifty day simple moving average of $112.91 and a two-hundred day simple moving average of $118.19. The company has a market cap of $81.06 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data 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 business 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 company earned $1.62 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid 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 1.54%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 937,407 shares of company stock valued at $114,418,186. Insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DELL shares. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Bank of America cut their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. cut their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Finally, Citigroup cut their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

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).