Dell Technologies Inc. (NYSE:DELL) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 15.6% in the fourth quarter, Holdings Channel reports. The firm owned 24,631 shares of the technology company’s stock after selling 4,550 shares during the period. Wesbanco Bank Inc.’s holdings in Dell Technologies were worth $2,838,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its stake in Dell Technologies by 7.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 105,007 shares of the technology company’s stock worth $12,101,000 after purchasing an additional 7,647 shares in the last quarter. Bartlett & CO. Wealth Management LLC lifted its stake in Dell Technologies by 24.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,004 shares of the technology company’s stock worth $116,000 after acquiring an additional 194 shares in the last quarter. Park Place Capital Corp boosted its holdings in Dell Technologies by 15.2% during the 4th quarter. Park Place Capital Corp now owns 6,557 shares of the technology company’s stock valued at $756,000 after acquiring an additional 865 shares during the period. Viking Fund Management LLC acquired a new position in Dell Technologies in the 4th quarter valued at about $5,186,000. Finally, Nisa Investment Advisors LLC increased its stake in Dell Technologies by 31.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,512 shares of the technology company’s stock worth $1,211,000 after purchasing an additional 2,502 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Dell Technologies stock opened at $114.26 on Friday. The stock has a 50-day simple moving average of $121.53 and a 200-day simple moving average of $119.67. The company has a market capitalization of $80.04 billion, a P/E ratio of 20.19, a PEG ratio of 1.18 and a beta of 0.92. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same period last year, the firm posted $1.62 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.56%. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Melius Research boosted their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley increased their price target on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, Barclays upped their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

Insider Buying and Selling

In other news, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock valued at $115,573,009 over the last quarter. 46.70% of the stock is currently owned by insiders.

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).