Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Simmons Bank

Simmons Bank boosted its position in Dell Technologies Inc. (NYSE:DELL) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,421 shares of the technology company’s stock after purchasing an additional 1,460 shares during the quarter. Simmons Bank’s holdings in Dell Technologies were worth $5,234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intrepid Financial Planning Group LLC boosted its position in Dell Technologies by 0.7% in the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock valued at $1,423,000 after buying an additional 80 shares during the period. Smithfield Trust Co boosted its holdings in Dell Technologies by 8.0% in the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after purchasing an additional 84 shares during the period. Graypoint LLC increased its holdings in Dell Technologies by 4.3% during the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after purchasing an additional 86 shares during the period. ASB Consultores LLC raised its position in Dell Technologies by 4.6% in the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock valued at $236,000 after purchasing an additional 87 shares in the last quarter. Finally, Equitable Trust Co. grew its position in shares of Dell Technologies by 3.1% during the third quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock worth $349,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $110.63 on Wednesday. The firm has a market capitalization of $77.49 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The business’s 50 day simple moving average is $112.85 and its 200-day simple moving average is $118.21. Dell Technologies Inc. has a 12 month low of $86.93 and a 12 month high of $179.70.

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

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 937,407 shares of company stock valued at $114,418,186 over the last three months. 46.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DELL shares. JPMorgan Chase & Co. lowered their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Barclays lifted their price target on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft reduced their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Finally, Melius Research raised their price target 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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).