Truist Financial Corp Has $9.60 Million Stake in Dell Technologies Inc. (NYSE:DELL)

Truist Financial Corp increased its position in Dell Technologies Inc. (NYSE:DELL) by 11.9% in the fourth quarter, HoldingsChannel reports. The firm owned 83,338 shares of the technology company’s stock after acquiring an additional 8,850 shares during the period. Truist Financial Corp’s holdings in Dell Technologies were worth $9,604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DELL. Burns J W & Co. Inc. NY acquired a new stake in shares of Dell Technologies during the 4th quarter valued at $1,272,000. iA Global Asset Management Inc. boosted 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 during the period. National Pension Service boosted 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 during the period. Sky Investment Group LLC acquired a new stake in shares of Dell Technologies during the 4th quarter valued at $1,687,000. Finally, Enclave Advisors LLC acquired a new stake in shares of Dell Technologies during the 4th quarter valued at $848,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL opened at $117.66 on Friday. The company has a market capitalization of $82.41 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. Dell Technologies Inc. has a one year low of $85.40 and a one year high of $179.70. The company’s fifty day moving average price is $113.12 and its 200 day moving average price is $117.42.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $1.62 EPS. Analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.51%. Dell Technologies’s dividend payout ratio is 31.45%.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the sale, the director now directly owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the sale, the chief financial officer now owns 228,419 shares in the company, valued at approximately $28,739,678.58. This trade represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 937,407 shares of company stock worth $114,418,186 in the last ninety days. Insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Melius Research lifted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Mizuho cut their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Finally, Citigroup cut their price target on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $145.00.

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).