Fort Washington Investment Advisors Inc. OH Sells 531 Shares of Dell Technologies Inc. (NYSE:DELL)

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 11.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,974 shares of the technology company’s stock after selling 531 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Dell Technologies were worth $458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DELL. Burns J W & Co. Inc. NY purchased a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $1,272,000. iA Global Asset Management Inc. lifted its stake in shares of Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after buying an additional 5,203 shares in the last quarter. National Pension Service lifted its stake in shares of Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after buying an additional 50,304 shares in the last quarter. Sky Investment Group LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $1,687,000. Finally, Woodmont Investment Counsel LLC purchased a new stake in shares of Dell Technologies during the 3rd quarter valued at approximately $5,780,000. 76.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. This trade represents a 28.63 % 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 in the last quarter. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

DELL stock opened at $114.26 on Friday. Dell Technologies Inc. has a 52 week low of $80.49 and a 52 week high of $179.70. The firm’s fifty day moving average is $121.53 and its 200 day moving average is $119.67. The firm has a market cap of $80.04 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.18 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate 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 company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter last year, the firm earned $1.62 EPS. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DELL. Melius Research increased their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Barclays increased 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. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Wells Fargo & Company increased their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

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).