Dell Technologies Inc. (NYSE:DELL) Shares Sold by Monument Capital Management

Monument Capital Management cut its position in shares of Dell Technologies Inc. (NYSE:DELL) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,744 shares of the technology company’s stock after selling 92 shares during the period. Monument Capital Management’s holdings in Dell Technologies were worth $541,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DELL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Dell Technologies by 449.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after purchasing an additional 3,038,891 shares during the period. Morgan Stanley raised its stake in shares of Dell Technologies by 96.9% in the 3rd quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock valued at $346,137,000 after acquiring an additional 2,472,866 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Dell Technologies by 1,071.4% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,213,463 shares of the technology company’s stock valued at $92,281,000 after acquiring an additional 1,109,876 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of Dell Technologies by 2,466.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock valued at $67,810,000 after acquiring an additional 851,867 shares during the period. Finally, Grand Alliance Asset Management Ltd purchased a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $51,638,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DELL shares. Morgan Stanley reissued an “overweight” rating and issued a $155.00 price target on shares of Dell Technologies in a research note on Monday, June 17th. Citigroup boosted their price target on shares of Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. UBS Group boosted their price target on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. TD Cowen upped their target price on shares of Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, May 31st. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $165.00 target price on shares of Dell Technologies in a research note on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $135.81.

Dell Technologies Stock Down 0.6 %

NYSE DELL opened at $142.67 on Thursday. Dell Technologies Inc. has a 52 week low of $52.05 and a 52 week high of $179.70. The stock has a market capitalization of $101.20 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. The firm has a 50 day moving average of $139.43 and a two-hundred day moving average of $111.55.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The company had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. On average, equities research analysts expect that Dell Technologies Inc. will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Insider Activity

In other news, CEO Michael S. Dell sold 1,205,052 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $131.96, for a total value of $159,018,661.92. Following the completion of the transaction, the chief executive officer now owns 26,725,566 shares in the company, valued at approximately $3,526,705,689.36. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director David W. Dorman sold 75,000 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the completion of the sale, the director now owns 114,317 shares in the company, valued at approximately $15,462,517.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 1,205,052 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the sale, the chief executive officer now owns 26,725,566 shares of the company’s stock, valued at approximately $3,526,705,689.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,097,700 shares of company stock worth $823,448,406. Corporate insiders own 46.70% of the company’s stock.

About Dell Technologies

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).