Smartleaf Asset Management LLC Trims Stake in Dell Technologies Inc. (NYSE:DELL)

Smartleaf Asset Management LLC lessened its stake in Dell Technologies Inc. (NYSE:DELL) by 28.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,659 shares of the technology company’s stock after selling 658 shares during the period. Smartleaf Asset Management LLC’s holdings in Dell Technologies were worth $190,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Optimist Retirement Group LLC increased its holdings in Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after buying an additional 463 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Dell Technologies by 74.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 840 shares of the technology company’s stock valued at $100,000 after purchasing an additional 358 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Dell Technologies by 24.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 97,360 shares of the technology company’s stock worth $11,541,000 after purchasing an additional 19,219 shares during the period. National Pension Service grew its holdings in Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after purchasing an additional 50,304 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in shares of Dell Technologies by 11.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 126,216 shares of the technology company’s stock worth $14,962,000 after buying an additional 12,787 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred 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 completion of the transaction, the director now owns 810,657 shares in the company, valued at $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now owns 777,347 shares in the company, valued at $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 929,407 shares of company stock valued at $113,411,626 in the last three months. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Performance

Shares of DELL stock opened at $97.31 on Thursday. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70. The company has a 50 day moving average price of $111.17 and a 200 day moving average price of $118.04. The stock has a market capitalization of $68.16 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DELL. The Goldman Sachs Group dropped their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday. JPMorgan Chase & Co. reduced their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Morgan Stanley lowered their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. TD Cowen dropped their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Finally, Evercore ISI restated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.24.

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).