First Bank & Trust Lowers Stake in Dell Technologies Inc. (NYSE:DELL)

First Bank & Trust lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,214 shares of the technology company’s stock after selling 272 shares during the period. First Bank & Trust’s holdings in Dell Technologies were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DELL. Creative Planning lifted its holdings in Dell Technologies by 16.8% during the third quarter. Creative Planning now owns 98,961 shares of the technology company’s stock worth $11,435,000 after buying an additional 14,217 shares during the period. Optimist Retirement Group LLC lifted its holdings in shares of Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after purchasing an additional 463 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Dell Technologies by 132.1% during the 3rd quarter. Blue Trust Inc. now owns 1,409 shares of the technology company’s stock valued at $167,000 after purchasing an additional 802 shares during the last quarter. OLD National Bancorp IN lifted its holdings in shares of Dell Technologies by 19.2% during the 3rd quarter. OLD National Bancorp IN now owns 2,163 shares of the technology company’s stock valued at $256,000 after purchasing an additional 348 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Dell Technologies by 536.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 276,830 shares of the technology company’s stock valued at $32,815,000 after purchasing an additional 233,313 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Mizuho decreased their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Citigroup decreased their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Evercore ISI reiterated an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Melius Research raised their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.65.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 945,407 shares of company stock worth $115,564,106 in the last ninety days. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL opened at $120.96 on Thursday. The business’s 50-day moving average is $113.06 and its two-hundred day moving average is $117.38. The company has a market capitalization of $84.73 billion, a P/E ratio of 21.37, a P/E/G ratio of 1.00 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share 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 the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm earned $1.62 EPS. Analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

About Dell Technologies

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).