Highland Capital Management LLC Sells 77,696 Shares of Dell Technologies Inc. (NYSE:DELL)

Highland Capital Management LLC decreased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 94.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,393 shares of the technology company’s stock after selling 77,696 shares during the period. Highland Capital Management LLC’s holdings in Dell Technologies were worth $336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in shares of Dell Technologies by 158.3% in the 4th quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock worth $17,762,000 after buying an additional 142,337 shares during the last quarter. AustralianSuper Pty Ltd boosted its position in Dell Technologies by 14.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,339,514 shares of the technology company’s stock worth $102,473,000 after purchasing an additional 164,930 shares during the last quarter. DNB Asset Management AS grew its stake in shares of Dell Technologies by 0.3% during the 4th quarter. DNB Asset Management AS now owns 111,225 shares of the technology company’s stock valued at $8,509,000 after purchasing an additional 369 shares during the period. Acadian Asset Management LLC increased its position in shares of Dell Technologies by 45.0% during the 3rd quarter. Acadian Asset Management LLC now owns 3,216,861 shares of the technology company’s stock valued at $221,605,000 after purchasing an additional 998,298 shares during the last quarter. Finally, Banco Santander S.A. lifted its stake in shares of Dell Technologies by 61.7% in the 3rd quarter. Banco Santander S.A. now owns 106,778 shares of the technology company’s stock worth $7,357,000 after purchasing an additional 40,750 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In other news, insider Jennifer D. Saavedra sold 18,260 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total value of $2,193,026.00. Following the sale, the insider now directly owns 206,961 shares in the company, valued at approximately $24,856,016.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Jennifer D. Saavedra sold 18,260 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $78.81, for a total value of $250,613,593.32. Following the transaction, the director now directly owns 293,812 shares in the company, valued at approximately $23,155,323.72. The disclosure for this sale can be found here. Insiders sold 9,558,306 shares of company stock worth $956,098,061 over the last 90 days. 48.60% of the stock is owned by insiders.

Dell Technologies Stock Down 2.6 %

DELL opened at $111.71 on Thursday. The company has a market capitalization of $79.49 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 1.45 and a beta of 0.91. The firm has a 50-day simple moving average of $95.47 and a two-hundred day simple moving average of $79.95. Dell Technologies Inc. has a 52 week low of $37.56 and a 52 week high of $131.06.

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

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be paid a dividend of $0.445 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.59%. Dell Technologies’s dividend payout ratio is presently 33.87%.

Analyst Ratings Changes

DELL has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Morgan Stanley upped their price objective on Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Evercore ISI raised their target price on Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Loop Capital started coverage on Dell Technologies in a research report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 price target for the company. Finally, Wells Fargo & Company lifted their price objective on Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $102.88.

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).