Truist Financial Corp Purchases 9,730 Shares of Dell Technologies Inc. (NYSE:DELL)

Truist Financial Corp increased its position in Dell Technologies Inc. (NYSE:DELL) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,575 shares of the technology company’s stock after purchasing an additional 9,730 shares during the quarter. Truist Financial Corp’s holdings in Dell Technologies were worth $4,940,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Anchor Investment Management LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Pinnacle Bancorp Inc. raised its position in shares of Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of Dell Technologies by 454.5% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock worth $37,000 after buying an additional 400 shares during the period. Castleview Partners LLC bought a new position in Dell Technologies in the 3rd quarter valued at about $39,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Dell Technologies by 1,456.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock worth $46,000 after purchasing an additional 568 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DELL shares. Loop Capital assumed coverage on Dell Technologies in a research report on Wednesday, February 28th. They set a “buy” rating and a $125.00 price objective on the stock. Sanford C. Bernstein lifted their price objective on shares of Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. UBS Group increased their target price on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Evercore ISI increased their price target on Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, Morgan Stanley upped their target price on Dell Technologies from $100.00 to $128.00 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 given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.63.

Dell Technologies Trading Up 1.4 %

DELL opened at $125.10 on Monday. The company’s 50 day moving average is $116.47 and its 200-day moving average is $90.34. The company has a market cap of $89.30 billion, a P/E ratio of 28.63, a PEG ratio of 1.58 and a beta of 0.87. Dell Technologies Inc. has a 1-year low of $44.08 and a 1-year high of $136.16.

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

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Monday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio (DPR) is 40.73%.

Insider Buying and Selling

In other news, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction on Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the transaction, the general counsel now owns 86,836 shares in the company, valued at $11,544,846.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 41,550 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the completion of the sale, the chief executive officer now owns 36,389,719 shares of the company’s stock, valued at approximately $3,894,791,624.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the completion of the sale, the general counsel now directly owns 86,836 shares in the company, valued at $11,544,846.20. The disclosure for this sale can be found here. Insiders have sold a total of 6,382,204 shares of company stock worth $718,452,037 in the last ninety days. Company 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).