Beverly Hills Private Wealth LLC Trims Position in Dell Technologies Inc. (NYSE:DELL)

Beverly Hills Private Wealth LLC lowered its holdings in Dell Technologies Inc. (NYSE:DELL) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,895 shares of the technology company’s stock after selling 211 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Dell Technologies were worth $374,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Raymond James & Associates increased its holdings in shares of Dell Technologies by 27.2% during the 4th quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock worth $20,936,000 after buying an additional 58,590 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Dell Technologies by 158.3% in the fourth quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock worth $17,762,000 after acquiring an additional 142,337 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Dell Technologies by 1,475.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock valued at $22,230,000 after acquiring an additional 272,144 shares during the period. AustralianSuper Pty Ltd lifted its stake in shares of Dell Technologies by 14.0% during 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 in the last quarter. Finally, DNB Asset Management AS lifted its position in Dell Technologies by 0.3% during the 4th quarter. DNB Asset Management AS now owns 111,225 shares of the technology company’s stock worth $8,509,000 after acquiring an additional 369 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 1,944,641 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $108.79, for a total transaction of $211,557,494.39. Following the sale, the chief executive officer now directly owns 33,412,241 shares in the company, valued at approximately $3,634,917,698.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dell Technologies news, CEO Michael S. Dell sold 1,944,641 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $108.79, for a total transaction of $211,557,494.39. Following the completion of the transaction, the chief executive officer now directly owns 33,412,241 shares of the company’s stock, valued at approximately $3,634,917,698.39. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 624,450 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total value of $74,809,110.00. Following the completion of the sale, the chief executive officer now directly owns 39,787,791 shares in the company, valued at approximately $4,766,577,361.80. The disclosure for this sale can be found here. Insiders sold 6,382,204 shares of company stock valued at $718,452,037 over the last 90 days. 48.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DELL has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Loop Capital assumed coverage on Dell Technologies in a research note on Wednesday, February 28th. They set a “buy” rating and a $125.00 target price for the company. Morgan Stanley lifted their price target on shares of Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. The Goldman Sachs Group increased their price objective on shares of Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, UBS Group boosted their target price on shares of Dell Technologies from $99.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.88.

Dell Technologies Stock Performance

Dell Technologies stock opened at $117.81 on Tuesday. The firm has a market capitalization of $84.09 billion, a P/E ratio of 26.96, a P/E/G ratio of 1.49 and a beta of 0.92. The company has a 50-day simple moving average of $106.22 and a 200-day simple moving average of $85.06. Dell Technologies Inc. has a one year low of $41.47 and a one year high of $136.16.

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

Dell Technologies Increases Dividend

The business also recently disclosed 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 a boost from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Monday, April 22nd. Dell Technologies’s payout ratio is currently 33.87%.

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).