Dell Technologies Inc.’s COO sold 15,983 shares of the company’s stock, and corporate insiders currently own 47.30% of Dell Technologies’ stock. The company also increased its quarterly dividend from $0.33 to $0.37 per share. Dell Technologies is a holding company that offers hardware, software, and service solutions through its subsidiaries. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. Investors can visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc.
Hexagon Capital Partners LLC recently sold 402 shares of Dell Technologies Inc. (NYSE:DELL) reducing its holdings in the company by 33.4% in the fourth quarter, according to the company’s latest 13F filing with the SEC. The investment firm is not the only one that has recently modified its position in DELL. Other hedge funds have also made some changes to their holdings. For example, Yousif Capital Management LLC raised its holdings in the technology company by 5.2% in the first quarter, and Cresset Asset Management LLC raised its stake in the firm by 5.3% during the same period. Additionally, Miracle Mile Advisors LLC lifted its position in Dell Technologies by 1.7% during the third quarter, and Allworth Financial LP grew its holdings in the company by 4.6% in the fourth quarter. Private Trust Co. NA also boosted its stake in the firm by 55.4% in the third quarter. In total, hedge funds and other institutional investors now own 26.42% of the company’s stock.
Several brokerages have recently commented on Dell Technologies. For instance, Sanford C. Bernstein decreased their price objective on the company’s stock from $60.00 to $51.00 in a report on Friday, March 3rd, and Citigroup decreased its price target on the stock from $53.00 to $50.00 in a research note on the same day. Credit Suisse Group restated an “outperform” rating and set a $50.00 price target on shares of Dell Technologies in a research note on Monday, March 6th. KGI Securities also upgraded shares of Dell Technologies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 14th. Finally, Morgan Stanley dropped its target price on shares of Dell Technologies from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, March 3rd. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $47.50.
Regarding insider trading, there have been no recent transactions reported at Dell Technologies.
Dell Technologies Inc.’s COO, Anthony Charles Whitten, recently sold 15,983 shares of the company’s stock at an average price of $36.49 per share, for a total transaction of $583,219.67. Following the sale, Whitten now owns 841,207 shares of the firm’s stock worth approximately $30,695,643.43. This sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders currently own 47.30% of Dell Technologies’ stock.
Dell Technologies’ stock opened at $37.38 on Friday, with a 50-day moving average of $40.28 and a 200-day moving average of $39.60. The company has a market capitalization of $26.77 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.77, and a beta of 1.03. Dell Technologies Inc. has a 52-week low of $32.90 and a 52-week high of $55.30.
Moreover, Dell Technologies has increased its quarterly dividend from $0.33 to $0.37 per share, which will be paid to investors of record on Tuesday, April 25th. This represents a $1.48 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Monday, April 24th, while the company’s dividend payout ratio (DPR) currently stands at 40.99%.
Dell Technologies is a holding company that offers hardware, software, and service solutions through its subsidiaries. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides servers, networking, storage, and related services and software, while the CSG segment provides personal computers, workstations, monitors, and related accessories. VMware offers software-defined data center products and cloud services. Investors can visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELL – Get Rating).
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