Thompson Siegel & Walmsley LLC cut its position in shares of Dell Technologies Inc. (NYSE:DELL) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,323 shares of the technology company’s stock after selling 5,095 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Dell Technologies were worth $8,232,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Dell Technologies by 18.5% during the fourth quarter. BlackRock Inc. now owns 15,575,594 shares of the technology company’s stock worth $1,141,536,000 after purchasing an additional 2,428,182 shares during the period. Elliott Investment Management L.P. raised its stake in Dell Technologies by 7.0% during the third quarter. Elliott Investment Management L.P. now owns 24,106,175 shares of the technology company’s stock worth $1,631,747,000 after acquiring an additional 1,579,576 shares during the period. State Street Corp lifted its holdings in Dell Technologies by 23.4% in the third quarter. State Street Corp now owns 5,360,425 shares of the technology company’s stock worth $362,847,000 after acquiring an additional 1,016,117 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Dell Technologies by 46.2% in the third quarter. Nuveen Asset Management LLC now owns 2,086,645 shares of the technology company’s stock valued at $141,245,000 after acquiring an additional 659,224 shares during the period. Finally, Canyon Capital Advisors LLC raised its position in shares of Dell Technologies by 8.3% during the 3rd quarter. Canyon Capital Advisors LLC now owns 7,201,110 shares of the technology company’s stock worth $487,443,000 after purchasing an additional 554,748 shares during the period. 27.38% of the stock is owned by hedge funds and other institutional investors.
In related news, COO Jeffrey W. Clarke sold 13,946 shares of Dell Technologies stock in a transaction dated Wednesday, February 3rd. The stock was sold at an average price of $76.75, for a total value of $1,070,355.50. Following the transaction, the chief operating officer now owns 484,445 shares of the company’s stock, valued at approximately $37,181,153.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas W. Sweet sold 100,000 shares of the business’s stock in a transaction dated Tuesday, December 15th. The stock was sold at an average price of $73.22, for a total value of $7,322,000.00. Following the sale, the chief financial officer now owns 175,169 shares in the company, valued at approximately $12,825,874.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,169,565 shares of company stock worth $87,192,186. 48.30% of the stock is currently owned by company insiders.
Dell Technologies (NYSE:DELL) last released its earnings results on Monday, November 23rd. The technology company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.41 by $0.62. The business had revenue of $23.52 billion during the quarter, compared to analyst estimates of $21.93 billion. Dell Technologies had a net margin of 2.63% and a return on equity of 124.18%. During the same period in the prior year, the business earned $1.75 earnings per share. On average, research analysts forecast that Dell Technologies Inc. will post 6.25 earnings per share for the current year.
A number of research analysts recently commented on DELL shares. Smith Barney Citigroup upped their price objective on Dell Technologies from $75.00 to $82.00 in a research note on Wednesday, November 25th. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 25th. Zacks Investment Research downgraded shares of Dell Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 26th. UBS Group raised their price target on shares of Dell Technologies from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Dell Technologies from $81.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Dell Technologies currently has a consensus rating of “Buy” and an average target price of $74.05.
Dell Technologies Profile
Dell Technologies Inc designs, develops, manufactures, markets, sells, and support IT hardware, software, and services solutions worldwide. It operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.
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