Dell Technologies Inc. (NYSE:DELL) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,710 shares of the technology company’s stock after selling 290 shares during the quarter. Fulton Bank N.A.’s holdings in Dell Technologies were worth $1,695,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. National Bank of Canada FI grew its holdings in shares of Dell Technologies by 13.1% during the second quarter. National Bank of Canada FI now owns 3,956 shares of the technology company’s stock worth $565,000 after purchasing an additional 457 shares during the last quarter. Victory Capital Management Inc. increased its position in Dell Technologies by 6.0% during the second quarter. Victory Capital Management Inc. now owns 90,708 shares of the technology company’s stock worth $12,510,000 after buying an additional 5,171 shares during the period. Private Advisor Group LLC lifted its stake in Dell Technologies by 27.3% in the second quarter. Private Advisor Group LLC now owns 28,995 shares of the technology company’s stock valued at $3,999,000 after buying an additional 6,225 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $163,000. Finally, PFG Investments LLC increased its holdings in shares of Dell Technologies by 17.7% in the 2nd quarter. PFG Investments LLC now owns 5,222 shares of the technology company’s stock valued at $720,000 after acquiring an additional 785 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analysts Set New Price Targets

DELL has been the subject of a number of recent research reports. Mizuho decreased their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Evercore ISI reissued an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Barclays upped their price objective on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Citigroup lowered their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Trading Down 1.7 %

DELL stock opened at $119.23 on Thursday. The company has a market cap of $83.52 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.26 and a beta of 0.92. The firm has a 50 day moving average of $125.92 and a 200-day moving average of $121.67. Dell Technologies Inc. has a 12-month low of $76.90 and a 12-month high of $179.70.

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

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s payout ratio is currently 31.45%.

Insider Buying and Selling at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 946,132 shares of company stock valued at $115,666,897 over the last quarter. Corporate 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).