Hohimer Wealth Management LLC Sells 8,986 Shares of Dell Technologies Inc. (NYSE:DELL)

Hohimer Wealth Management LLC trimmed its position in Dell Technologies Inc. (NYSE:DELL) by 26.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,309 shares of the technology company’s stock after selling 8,986 shares during the period. Hohimer Wealth Management LLC’s holdings in Dell Technologies were worth $3,490,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in DELL. Vanguard Group Inc. increased its position in Dell Technologies by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after buying an additional 647,192 shares in the last quarter. Boston Partners raised its position in shares of Dell Technologies by 2.1% in the 4th quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock valued at $733,564,000 after purchasing an additional 197,435 shares during the last quarter. Capital World Investors acquired a new stake in Dell Technologies in the 1st quarter worth approximately $835,946,000. Point72 Asset Management L.P. increased its stake 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 purchasing an additional 520,677 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Dell Technologies by 449.8% during 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 during the period. 38.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In related news, CEO Michael S. Dell sold 2,837,829 shares of Dell Technologies stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the transaction, the chief executive officer now owns 20,412,241 shares in the company, valued at $2,730,137,233.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Dell Technologies news, CEO Michael S. Dell sold 2,837,829 shares of Dell Technologies stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the transaction, the chief executive officer now directly owns 20,412,241 shares of the company’s stock, valued at $2,730,137,233.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,902,278 shares of company stock worth $942,086,320. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL stock traded down $2.41 on Thursday, reaching $106.65. 4,370,174 shares of the company were exchanged, compared to its average volume of 10,346,306. The company has a market cap of $75.65 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 1.43 and a beta of 0.92. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70. The business has a 50-day moving average price of $118.60 and a 200 day moving average price of $123.06.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. Dell Technologies had a negative return on equity of 182.71% and a net margin of 4.32%. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter last year, the business posted $1.44 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.86 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were given a dividend of $0.445 per share. The ex-dividend date was Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a yield of 1.67%. Dell Technologies’s payout ratio is presently 36.33%.

Analyst Ratings Changes

DELL has been the topic of several research analyst reports. Loop Capital boosted their price target on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Bank of America increased their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Citigroup upped their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Sanford C. Bernstein decreased their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $136.80.

About Dell Technologies

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).