Crestline Management LP Sells 35,743 Shares of Dell Technologies Inc. (NYSE:DELL)

Crestline Management LP trimmed its position in Dell Technologies Inc. (NYSE:DELL) by 93.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,454 shares of the technology company’s stock after selling 35,743 shares during the quarter. Crestline Management LP’s holdings in Dell Technologies were worth $283,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after buying an additional 2,662,407 shares in the last quarter. Capital World Investors increased its position in Dell Technologies by 0.6% in the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock valued at $1,436,000,000 after buying an additional 72,271 shares in the last quarter. Geode Capital Management LLC increased its position in Dell Technologies by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock valued at $789,680,000 after buying an additional 552,213 shares in the last quarter. Norges Bank bought a new stake in Dell Technologies in the 4th quarter valued at about $455,029,000. Finally, Northern Trust Corp increased its position in Dell Technologies by 16.1% in the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company’s stock valued at $382,281,000 after buying an additional 460,483 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Insider Activity at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Down 0.2%

DELL stock opened at $96.02 on Monday. The firm has a market cap of $67.01 billion, a PE ratio of 16.96, a P/E/G ratio of 1.10 and a beta of 0.99. The business has a 50 day moving average of $90.16 and a 200-day moving average of $108.92. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were paid a $0.525 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.19%. Dell Technologies’s dividend payout ratio is presently 33.76%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Morgan Stanley decreased their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Loop Capital decreased their price objective on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. JPMorgan Chase & Co. decreased their price objective on Dell Technologies from $150.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group decreased their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, TD Cowen decreased their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $134.65.

Dell Technologies 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).