2 weeks Ago By ABMN Staff
Dai ichi Life Insurance Company Ltd cut its position in shares of Dell Technologies Inc. ( NYSE:DELL – Free Report ) by 49.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 11,532 shares of the technology company’s stock after selling 11,140 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Dell Technologies were worth $1,590,000 at the end of the most recent quarter. Several other large investors have also recently added to or reduced their stakes in the company.
Principal Securities Inc. acquired a new position in shares of Dell Technologies in the fourth quarter valued at $52,000. Dimensional Fund Advisors LP lifted its holdings in shares of Dell Technologies by 0.
4% during the 4th quarter. Dimensional Fund Advisors LP now owns 889,485 shares of the technology company’s stock worth $68,048,000 after acquiring an additional 3,343 shares during the period. Envestnet Portfolio Solutions Inc.
boosted its position in shares of Dell Technologies by 6.4% during the 4th quarter. Envestnet Portfolio Solutions Inc.
now owns 8,456 shares of the technology company’s stock valued at $647,000 after acquiring an additional 506 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Dell Technologies by 16.
0% in the fourth quarter. Avantax Advisory Services Inc. now owns 4,993 shares of the technology company’s stock valued at $382,000 after acquiring an additional 688 shares during the period.
Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Dell Technologies by 8.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 14,582 shares of the technology company’s stock worth $1,116,000 after purchasing an additional 1,150 shares during the period.
Institutional investors and hedge funds own 38.10% of the company’s stock. Insider Activity at Dell Technologies In related news, CEO Michael S.
Dell sold 221,460 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.
20. Following the completion of the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67.
The sale was disclosed in a document filed with the SEC, which is available through the SEC website . In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction on Friday, September 6th.
The shares were sold at an average price of $102.07, for a total value of $22,604,422.20.
Following the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
Also, CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total value of $529,031.
52. Following the sale, the chief marketing officer now owns 89,294 shares in the company, valued at approximately $13,035,138.12.
The disclosure for this sale can be found here . In the last three months, insiders sold 6,140,496 shares of company stock worth $722,588,749. 46.
70% of the stock is owned by company insiders. Dell Technologies Price Performance Dell Technologies ( NYSE:DELL – Get Free Report ) last posted its earnings results on Thursday, August 29th. The technology company reported $1.
89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40.
The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion.
Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%.
The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.
44 EPS. Sell-side analysts expect that Dell Technologies Inc. will post 6.
9 EPS for the current fiscal year. Analysts Set New Price Targets A number of brokerages have recently issued reports on DELL. Bank of America increased their target price on Dell Technologies from $150.
00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Morgan Stanley dropped their target price on shares of Dell Technologies from $142.
00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Evercore ISI restated an “outperform” rating and issued a $140.
00 price target on shares of Dell Technologies in a research report on Wednesday, August 28th. Loop Capital raised their price objective on shares of Dell Technologies from $125.00 to $185.
00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, Wells Fargo & Company decreased their price target on Dell Technologies from $150.00 to $140.
00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.
75. Check Out Our Latest Analysis on Dell Technologies Dell Technologies Company Profile ( Free Report ) 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).
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