Dell Technologies Inc. (NYSE:DELL) Shares Sold by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp trimmed its stake in Dell Technologies Inc. (NYSE:DELL) by 16.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 40,834 shares of the technology company’s stock after selling 8,166 shares during the period. Alaska Permanent Fund Corp’s holdings in Dell Technologies were worth $3,124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DELL. CWM LLC boosted its holdings in shares of Dell Technologies by 12.3% in the third quarter. CWM LLC now owns 3,834 shares of the technology company’s stock valued at $264,000 after acquiring an additional 421 shares during the period. IFP Advisors Inc boosted its stake in Dell Technologies by 99.3% during the 3rd quarter. IFP Advisors Inc now owns 1,208 shares of the technology company’s stock worth $83,000 after purchasing an additional 602 shares during the period. HB Wealth Management LLC purchased a new position in shares of Dell Technologies during the third quarter worth about $218,000. SG Americas Securities LLC increased its holdings in shares of Dell Technologies by 103.3% in the third quarter. SG Americas Securities LLC now owns 3,099 shares of the technology company’s stock valued at $214,000 after purchasing an additional 98,158 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in Dell Technologies by 6.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 104,600 shares of the technology company’s stock worth $7,207,000 after buying an additional 5,979 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Evercore ISI boosted their target price on shares of Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Loop Capital assumed coverage on shares of Dell Technologies in a research report on Wednesday, February 28th. They set a “buy” rating and a $125.00 price target for the company. Wells Fargo & Company upped their price target on Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. UBS Group raised their target price on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $104.63.

Dell Technologies Stock Down 0.4 %

NYSE DELL traded down $0.43 on Wednesday, hitting $120.20. The stock had a trading volume of 5,624,643 shares, compared to its average volume of 7,176,256. The company’s 50-day moving average is $110.26 and its two-hundred day moving average is $87.21. The stock has a market cap of $85.80 billion, a price-to-earnings ratio of 27.51, a P/E/G ratio of 1.46 and a beta of 0.92. Dell Technologies Inc. has a one year low of $41.47 and a one year high of $136.16.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. The company had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. During the same quarter in the previous year, the firm posted $1.55 EPS. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be paid a $0.445 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, April 22nd. Dell Technologies’s dividend payout ratio is currently 40.73%.

Insider Activity

In related news, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the transaction, the insider now directly owns 206,961 shares of the company’s stock, valued at $24,856,016.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Dell Technologies news, insider Jennifer D. Saavedra sold 18,260 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total value of $2,193,026.00. Following the transaction, the insider now owns 206,961 shares in the company, valued at $24,856,016.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the sale, the director now directly owns 535,816 shares of the company’s stock, valued at approximately $71,997,595.92. The disclosure for this sale can be found here. Insiders sold 6,382,204 shares of company stock worth $718,452,037 over the last three months. Corporate insiders own 48.60% 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).