Knights of Columbus Asset Advisors LLC Trims Holdings in Dell Technologies Inc. (NYSE:DELL)

Knights of Columbus Asset Advisors LLC lessened its holdings in Dell Technologies Inc. (NYSE:DELL) by 28.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,110 shares of the technology company’s stock after selling 27,982 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Dell Technologies were worth $5,287,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in Dell Technologies by 27.2% in the fourth quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock valued at $20,936,000 after acquiring an additional 58,590 shares during the period. Nordea Investment Management AB lifted its stake in shares of Dell Technologies by 158.3% in the 4th quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock valued at $17,762,000 after purchasing an additional 142,337 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Dell Technologies by 1,475.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock worth $22,230,000 after buying an additional 272,144 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Dell Technologies by 13.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,380 shares of the technology company’s stock valued at $6,226,000 after buying an additional 9,538 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its position in shares of Dell Technologies by 14.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,339,514 shares of the technology company’s stock valued at $102,473,000 after acquiring an additional 164,930 shares during the period. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

Shares of DELL opened at $114.85 on Friday. The stock has a market cap of $81.98 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 1.50 and a beta of 0.92. Dell Technologies Inc. has a 1-year low of $41.47 and a 1-year high of $136.16. The firm has a fifty day moving average price of $108.95 and a 200 day moving average price of $86.22.

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

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Monday, April 22nd. 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 yield of 1.55%. Dell Technologies’s dividend payout ratio (DPR) is 33.87%.

Analysts Set New Price Targets

Several equities analysts have issued reports on DELL shares. Loop Capital began coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They set a “buy” rating and a $125.00 price objective on the stock. TD Cowen increased their price target on Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Evercore ISI lifted their target price on shares of Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Wells Fargo & Company boosted their price target on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, The Goldman Sachs Group increased their price objective on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $104.63.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the transaction, the director now owns 535,816 shares in the company, valued at $71,997,595.92. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director V (Gp) L.L.C. Slta sold 373,375 shares of Dell Technologies stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the sale, the director now owns 408,694 shares in the company, valued at approximately $51,626,226.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the sale, the director now directly owns 535,816 shares in the company, valued at $71,997,595.92. The disclosure for this sale can be found here. Insiders have sold 6,382,204 shares of company stock valued at $718,452,037 in the last quarter. 48.60% of the stock is currently owned by corporate insiders.

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).