Russell Investments Group Ltd. Cuts Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Russell Investments Group Ltd. lowered its stake in Dell Technologies Inc. (NYSE:DELL) by 61.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 337,910 shares of the technology company’s stock after selling 548,138 shares during the quarter. Russell Investments Group Ltd.’s holdings in Dell Technologies were worth $38,318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DELL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Dell Technologies by 449.8% in the 4th 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. DekaBank Deutsche Girozentrale increased its stake in Dell Technologies by 1,071.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,213,463 shares of the technology company’s stock worth $92,281,000 after acquiring an additional 1,109,876 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Dell Technologies by 311.5% during the first quarter. Assenagon Asset Management S.A. now owns 1,195,871 shares of the technology company’s stock valued at $136,461,000 after purchasing an additional 905,279 shares during the period. Balyasny Asset Management L.P. lifted 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 purchasing an additional 851,867 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Dell Technologies by 303.6% in the 1st quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock worth $107,173,000 after purchasing an additional 705,167 shares during the period. Institutional investors own 38.10% of the company’s stock.

Insider Transactions at Dell Technologies

In other news, Director David W. Dorman sold 75,000 shares of the company’s 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 of the company’s stock, valued at $15,462,517.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the sale, the director now directly owns 731,612 shares in the company, valued at approximately $116,172,669.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David W. Dorman sold 75,000 shares of Dell Technologies stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the transaction, the director now owns 114,317 shares in the company, valued at approximately $15,462,517.42. The disclosure for this sale can be found here. Insiders have sold 7,032,750 shares of company stock valued at $959,881,905 over the last ninety days. Insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 2.1 %

DELL traded down $2.93 on Tuesday, reaching $134.29. The stock had a trading volume of 10,236,986 shares, compared to its average volume of 10,018,063. The business’s 50-day moving average price is $142.63 and its two-hundred day moving average price is $115.80. The company has a market cap of $95.25 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92. Dell Technologies Inc. has a 12-month low of $52.05 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The business had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. As a group, analysts predict that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be given a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.33%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Wall Street Analyst Weigh In

DELL has been the topic of several recent analyst reports. Wells Fargo & Company increased their price target on Dell Technologies from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Citigroup lifted their target price on Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Sanford C. Bernstein upped their price target on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Bank of America lifted their price objective on shares of Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, TD Cowen raised their target price on shares of Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.81.

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).