Rhumbline Advisers Has $1.46 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)
Rhumbline Advisers lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) by 90.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,029 shares of the technology company’s stock after selling 254,579 shares during the quarter. Rhumbline Advisers’ holdings in Dell Technologies were worth $1,463,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Lindbrook Capital LLC increased its position in Dell Technologies by 12.0% during the second quarter. Lindbrook Capital LLC now owns 2,037 shares of the technology company’s stock worth $110,000 after buying an additional 218 shares during the last quarter. New York Life Investment Management LLC increased its position in Dell Technologies by 2.8% during the first quarter. New York Life Investment Management LLC now owns 7,986 shares of the technology company’s stock worth $321,000 after buying an additional 220 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in Dell Technologies by 0.9% during the first quarter. Segall Bryant & Hamill LLC now owns 34,094 shares of the technology company’s stock worth $1,370,000 after buying an additional 300 shares during the last quarter. Great Lakes Retirement Inc. increased its position in Dell Technologies by 3.0% during the second quarter. Great Lakes Retirement Inc. now owns 10,207 shares of the technology company’s stock worth $552,000 after buying an additional 301 shares during the last quarter. Finally, Yousif Capital Management LLC increased its position in Dell Technologies by 5.2% during the first quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock worth $306,000 after buying an additional 302 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.
Insider Activity at Dell Technologies
In other Dell Technologies news, General Counsel Richard J. Rothberg sold 30,009 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $2,040,612.00. Following the completion of the transaction, the general counsel now directly owns 99,899 shares of the company’s stock, valued at approximately $6,793,132. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 48.60% of the stock is owned by company insiders.
Dell Technologies Stock Down 3.7 %
Shares of DELL stock opened at $69.28 on Tuesday. The company has a 50 day moving average of $69.94 and a 200-day moving average of $60.64. Dell Technologies Inc. has a 12-month low of $35.96 and a 12-month high of $76.09. The firm has a market cap of $50.12 billion, a P/E ratio of 19.14, a PEG ratio of 1.12 and a beta of 0.95.
Dell Technologies (NYSE:DELL – Get Free Report) last released its quarterly earnings data on Thursday, November 30th. The technology company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.42. Dell Technologies had a net margin of 2.92% and a negative return on equity of 146.30%. The business had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.01 billion. During the same period in the previous year, the business earned $2.01 EPS. Dell Technologies’s revenue was down 10.0% compared to the same quarter last year. As a group, equities analysts expect that Dell Technologies Inc. will post 5.35 EPS for the current year.
Dell Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 3rd. Investors of record on Tuesday, October 24th were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, October 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 2.14%. Dell Technologies’s dividend payout ratio is 40.88%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on DELL. Raymond James boosted their price objective on Dell Technologies from $68.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. boosted their price objective on Dell Technologies from $76.00 to $77.00 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley boosted their price objective on Dell Technologies from $70.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, October 3rd. TD Cowen boosted their price objective on Dell Technologies from $58.00 to $75.00 and gave the stock a “market perform” rating in a report on Friday. Finally, Daiwa Capital Markets upgraded Dell Technologies from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $50.00 to $80.00 in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $76.60.
View Our Latest Analysis on DELL
About Dell Technologies (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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