Fulton Bank N.A. Trims Holdings in Dell Technologies Inc. (NYSE:DELL)

Fulton Bank N.A. reduced its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 60.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,232 shares of the technology company’s stock after selling 19,031 shares during the quarter. Fulton Bank N.A.’s holdings in Dell Technologies were worth $1,687,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DELL. SG Americas Securities LLC grew its holdings in Dell Technologies by 30.5% during the fourth quarter. SG Americas Securities LLC now owns 4,044 shares of the technology company’s stock worth $309,000 after acquiring an additional 945 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Dell Technologies by 1.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 57,514 shares of the technology company’s stock worth $4,400,000 after buying an additional 621 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in shares of Dell Technologies in the fourth quarter valued at $238,000. Ballentine Partners LLC raised its stake in shares of Dell Technologies by 76.1% in the fourth quarter. Ballentine Partners LLC now owns 7,983 shares of the technology company’s stock valued at $611,000 after purchasing an additional 3,451 shares in the last quarter. Finally, Arizona State Retirement System grew its position in Dell Technologies by 24.4% in the fourth quarter. Arizona State Retirement System now owns 90,178 shares of the technology company’s stock valued at $6,899,000 after acquiring an additional 17,706 shares during the period. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Bank of America increased their target price on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Loop Capital lifted their target price on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Evercore ISI reissued an “outperform” rating and issued a $165.00 target price on shares of Dell Technologies in a research report on Monday, July 1st. TD Cowen raised their price target on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, May 31st. Finally, Wells Fargo & Company raised their price target on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.81.

Dell Technologies Trading Down 3.6 %

NYSE:DELL traded down $3.51 on Tuesday, hitting $94.67. The company had a trading volume of 14,301,180 shares, compared to its average volume of 10,141,178. Dell Technologies Inc. has a 52 week low of $53.53 and a 52 week high of $179.70. The stock has a market capitalization of $67.15 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.34 and a beta of 0.92. The firm has a 50 day moving average of $134.65 and a two-hundred day moving average of $119.91.

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

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.78 annualized dividend and a yield of 1.88%. Dell Technologies’s payout ratio is 36.33%.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total value of $2,221,219.44. Following the transaction, the director now owns 806,352 shares in the company, valued at $108,986,536.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the transaction, the director now owns 806,352 shares in the company, valued at approximately $108,986,536.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the completion of the sale, the director now owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,058,131 shares of company stock worth $963,293,619. Company insiders own 46.70% 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).