Harvest Fund Management Co. Ltd Cuts Stake in Dell Technologies Inc. (NYSE:DELL)

Harvest Fund Management Co. Ltd lessened its holdings in Dell Technologies Inc. (NYSE:DELL) by 91.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 456 shares of the technology company’s stock after selling 4,718 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Dell Technologies were worth $35,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC acquired a new position in Dell Technologies during the 4th quarter worth $79,000. Aspire Private Capital LLC grew its position in shares of Dell Technologies by 3.3% during the fourth quarter. Aspire Private Capital LLC now owns 13,512 shares of the technology company’s stock worth $1,034,000 after buying an additional 429 shares in the last quarter. RWA Wealth Partners LLC raised its holdings in Dell Technologies by 89.2% in the fourth quarter. RWA Wealth Partners LLC now owns 10,080 shares of the technology company’s stock valued at $771,000 after acquiring an additional 4,753 shares in the last quarter. Monument Capital Management lifted its stake in Dell Technologies by 19.6% in the fourth quarter. Monument Capital Management now owns 4,836 shares of the technology company’s stock worth $370,000 after acquiring an additional 791 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Dell Technologies by 50.3% during the 4th quarter. Handelsbanken Fonder AB now owns 140,479 shares of the technology company’s stock worth $10,747,000 after acquiring an additional 46,993 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. UBS Group increased their price objective on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Loop Capital initiated 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 increased their price target on shares of Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Finally, Sanford C. Bernstein boosted their price objective on shares of Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $104.63.

Dell Technologies Stock Up 0.1 %

Shares of DELL stock opened at $125.04 on Friday. Dell Technologies Inc. has a 52-week low of $41.79 and a 52-week high of $136.16. The stock’s 50-day moving average price is $112.60 and its 200 day moving average price is $88.11. The stock has a market capitalization of $89.25 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.58 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, topping the consensus estimate 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 business had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. Analysts expect that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.42%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, April 22nd. Dell Technologies’s payout ratio is 40.73%.

Insider Buying and Selling

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the transaction, the general counsel now owns 86,836 shares in the company, valued at approximately $11,544,846.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the sale, the general counsel now owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 408,694 shares in the company, valued at $51,626,226.08. 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 ninety days. Corporate insiders own 48.60% of the company’s stock.

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).