Dell Technologies Inc. (NYSE:DELL) Shares Sold by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 64.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,300 shares of the technology company’s stock after selling 31,400 shares during the quarter. Polymer Capital Management HK LTD’s holdings in Dell Technologies were worth $2,051,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Clean Yield Group acquired a new stake in shares of Dell Technologies in the third quarter valued at approximately $25,000. Accordant Advisory Group Inc purchased a new position in Dell Technologies during the 2nd quarter worth $28,000. True Wealth Design LLC raised its holdings in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares during the last quarter. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies during the second quarter worth about $33,000. Finally, Crewe Advisors LLC acquired a new position in Dell Technologies in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insiders Place Their Bets

In related news, insider William F. Scannell sold 42,595 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,962,112 shares of company stock worth $2,114,595,059 in the last 90 days. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Performance

Shares of DELL stock opened at $125.54 on Wednesday. Dell Technologies Inc. has a one year low of $67.51 and a one year high of $179.70. The company has a 50 day moving average price of $127.74 and a 200 day moving average price of $126.39. The firm has a market capitalization of $88.18 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly 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 184.20%. The firm 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 posted $1.62 earnings per share. Dell Technologies’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.42%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DELL. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their price target on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Wells Fargo & Company lifted their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Raymond James dropped their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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).