2 weeks Ago By ABMN Staff
Renaissance Technologies LLC decreased its position in Dell Technologies Inc. ( NYSE:DELL – Free Report ) by 95.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission.
The firm owned 32,200 shares of the technology company’s stock after selling 626,277 shares during the period. Renaissance Technologies LLC’s holdings in Dell Technologies were worth $4,441,000 at the end of the most recent quarter. Other large investors have also made changes to their positions in the company.
GPS Wealth Strategies Group LLC grew its stake in Dell Technologies by 1.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock valued at $822,000 after acquiring an additional 80 shares during the period.
Massmutual Trust Co. FSB ADV grew its position in shares of Dell Technologies by 58.2% in the 1st quarter.
Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares during the period. J.
P. Marvel Investment Advisors LLC increased its stake in Dell Technologies by 0.9% during the 1st quarter.
J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after purchasing an additional 98 shares in the last quarter.
Citizens Financial Group Inc. RI raised its holdings in Dell Technologies by 1.7% during the 2nd quarter.
Citizens Financial Group Inc. RI now owns 6,780 shares of the technology company’s stock worth $935,000 after buying an additional 114 shares during the period. Finally, M3 Advisory Group LLC lifted its stake in Dell Technologies by 3.
4% in the second quarter. M3 Advisory Group LLC now owns 3,557 shares of the technology company’s stock valued at $491,000 after buying an additional 117 shares in the last quarter. Institutional investors own 38.
10% of the company’s stock. Wall Street Analysts Forecast Growth Several brokerages have recently issued reports on DELL. Citigroup increased their price objective on shares of Dell Technologies from $155.
00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. UBS Group lowered their target price on Dell Technologies from $164.
00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. TD Cowen cut their price target on Dell Technologies from $155.
00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a report on Friday.
They set a “buy” rating and a $144.00 price objective for the company. Finally, Mizuho began coverage on Dell Technologies in a research report on Tuesday, September 17th.
They set an “outperform” rating and a $135.00 price target for the company. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock.
According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.50.
Insider Buying and Selling at Dell Technologies In other Dell Technologies news, CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total value of $529,031.
52. Following the transaction, the chief marketing officer now directly owns 89,294 shares in the company, valued at $13,035,138.12.
The transaction was disclosed in a filing with the SEC, which is available through the SEC website . In other news, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $145.
98, for a total transaction of $529,031.52. Following the completion of the sale, the chief marketing officer now owns 89,294 shares in the company, valued at $13,035,138.
12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink . Also, Director V (Gp) L.
L.C. Slta sold 8,493 shares of the stock in a transaction that occurred on Wednesday, July 3rd.
The stock was sold at an average price of $146.80, for a total value of $1,246,772.40.
Following the transaction, the director now owns 731,612 shares in the company, valued at approximately $107,400,641.60. The disclosure for this sale can be found here .
Insiders sold 9,007,047 shares of company stock valued at $1,041,595,745 in the last quarter. 46.70% of the stock is currently owned by insiders.
Dell Technologies Price Performance Shares of DELL stock opened at $120.22 on Friday. The company has a fifty day moving average price of $110.
49 and a two-hundred day moving average price of $124.32. Dell Technologies Inc.
has a one year low of $63.90 and a one year high of $179.70.
The stock has a market cap of $85.27 billion, a P/E ratio of 24.53, a P/E/G ratio of 1.
25 and a beta of 0.90. Dell Technologies ( NYSE:DELL – Get Free Report ) last issued its earnings results on Thursday, August 29th.
The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.
40. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.
14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.
09%. Dell Technologies’s revenue was up 9.1% on a year-over-year basis.
During the same period last year, the business posted $1.44 EPS. As a group, equities research analysts anticipate that Dell Technologies Inc.
will post 6.9 EPS for the current fiscal year. Dell Technologies Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st.
Investors of record on Tuesday, October 22nd will be paid a $0.445 dividend. This represents a $1.
78 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Tuesday, October 22nd.
Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%. 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). Featured Articles Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc.
( NYSE:DELL – Free Report ). Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.com's FREE daily email newsletter .
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