Canada Pension Plan Investment Board cut its holdings in Dell Technologies Inc. (NYSE:DELL – Free Report) by 40.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,829 shares of the technology company’s stock after selling 7,973 shares during the period. Canada Pension Plan Investment Board’s holdings in Dell Technologies were worth $1,631,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Dell Technologies by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after purchasing an additional 647,192 shares in the last quarter. Capital World Investors bought a new position in Dell Technologies in the 1st quarter worth about $835,946,000. Point72 Asset Management L.P. grew its holdings in Dell Technologies by 14.8% during the 4th quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock valued at $309,458,000 after buying an additional 520,677 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Dell Technologies by 449.8% in 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 buying an additional 3,038,891 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Dell Technologies by 2.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after acquiring an additional 51,804 shares during the period. 38.10% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Dell Technologies
In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the transaction, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director V (Gp) L.L.C. Slta sold 8,493 shares of Dell Technologies stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40. Following the sale, the director now owns 731,612 shares in the company, valued at $107,400,641.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The disclosure for this sale can be found here. Insiders sold 9,007,047 shares of company stock worth $1,041,595,745 in the last three months. 46.70% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on Dell Technologies
Dell Technologies Stock Up 5.2 %
Shares of NYSE:DELL opened at $126.43 on Friday. The company’s fifty day moving average is $110.47 and its 200 day moving average is $124.31. Dell Technologies Inc. has a 52 week low of $63.90 and a 52 week high of $179.70. The stock has a market cap of $89.68 billion, a PE ratio of 25.80, a PEG ratio of 1.25 and a beta of 0.90.
Dell Technologies (NYSE:DELL – Get Free Report) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the company posted $1.44 EPS. Dell Technologies’s revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.9 EPS for the current year.
Dell Technologies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s payout ratio is 36.33%.
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).
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