Dell Technologies Inc. (NYSE:DELL) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 88.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,786 shares of the technology company’s stock after selling 13,555 shares during the quarter. Bessemer Group Inc.’s holdings in Dell Technologies were worth $163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Tortoise Investment Management LLC raised its position in Dell Technologies by 23.0% during the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock worth $62,000 after buying an additional 100 shares during the last quarter. Vanguard Capital Wealth Advisors raised its position in Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company’s stock worth $207,000 after buying an additional 100 shares during the last quarter. HBK Sorce Advisory LLC raised its position in Dell Technologies by 6.3% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,999 shares of the technology company’s stock worth $230,000 after buying an additional 118 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in Dell Technologies by 5.5% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 2,359 shares of the technology company’s stock worth $272,000 after buying an additional 124 shares during the last quarter. Finally, Crowley Wealth Management Inc. raised its position in Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company’s stock worth $30,000 after buying an additional 150 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 1.5%

Shares of DELL stock opened at $123.50 on Thursday. The company’s 50-day moving average price is $109.75 and its 200-day moving average price is $105.24. The stock has a market cap of $83.84 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.12 and a beta of 1.02. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $150.23.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). The firm had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.27 EPS. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.70%. Dell Technologies’s dividend payout ratio (DPR) is currently 33.49%.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $126.20, for a total value of $78,875,000.00. Following the sale, the director directly owned 960,050 shares in the company, valued at approximately $121,158,310. The trade was a 39.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brunilda Rios sold 6,000 shares of the business’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.29, for a total transaction of $757,740.00. Following the sale, the chief accounting officer owned 18,948 shares in the company, valued at $2,392,942.92. This trade represents a 24.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,113,977 shares of company stock worth $1,471,321,229 in the last 90 days. Insiders own 42.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DELL. Morgan Stanley raised their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Citigroup lifted their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 30th. Wall Street Zen lowered shares of Dell Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 28th. Evercore ISI reaffirmed an “outperform” rating on shares of Dell Technologies in a report on Thursday, May 29th. Finally, TD Cowen lifted their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the company a “hold” rating in a report on Friday, May 30th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

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).