Hennessy Advisors Inc. Has $3.95 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Hennessy Advisors Inc. cut its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 45.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 34,600 shares of the technology company’s stock after selling 29,400 shares during the quarter. Hennessy Advisors Inc.’s holdings in Dell Technologies were worth $3,948,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in Dell Technologies by 27.2% during the 4th quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock worth $20,936,000 after purchasing an additional 58,590 shares during the last quarter. Nordea Investment Management AB raised its holdings in Dell Technologies by 158.3% during the 4th quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock worth $17,762,000 after purchasing an additional 142,337 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Dell Technologies by 171.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock worth $1,253,000 after purchasing an additional 10,350 shares during the last quarter. Aigen Investment Management LP bought a new position in Dell Technologies during the 4th quarter worth approximately $410,000. Finally, Assenagon Asset Management S.A. raised its holdings in Dell Technologies by 1,475.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock worth $22,230,000 after purchasing an additional 272,144 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Up 0.9 %

Shares of DELL stock traded up $1.19 during trading hours on Thursday, hitting $139.43. 8,716,584 shares of the company’s stock were exchanged, compared to its average volume of 9,962,455. The company has a market capitalization of $98.90 billion, a PE ratio of 28.38, a PEG ratio of 1.74 and a beta of 0.85. Dell Technologies Inc. has a 12-month low of $50.91 and a 12-month high of $179.70. The business’s 50 day simple moving average is $137.55 and its 200-day simple moving average is $109.30.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. The company had revenue of $22.24 billion for the quarter, compared to analysts’ expectations of $21.70 billion. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. Equities analysts anticipate that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the sale, the director now owns 731,612 shares in the company, valued at $116,172,669.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider William F. Scannell sold 106,483 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares in the company, valued at $45,987,344.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $158.79, for a total value of $61,799,321.31. Following the transaction, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. Insiders have sold a total of 6,246,728 shares of company stock worth $842,917,457 in the last ninety days. 46.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on DELL shares. TD Cowen boosted their target price on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research report on Friday, May 31st. UBS Group raised their price objective on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Evercore ISI increased their price objective on Dell Technologies from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Finally, Sanford C. Bernstein raised their price objective on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $135.81.

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).