Artemis Investment Management LLP Sells 4,669 Shares of Dell Technologies Inc. (NYSE:DELL)

Artemis Investment Management LLP lowered its holdings in Dell Technologies Inc. (NYSE:DELL) by 3.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 121,605 shares of the technology company’s stock after selling 4,669 shares during the quarter. Artemis Investment Management LLP’s holdings in Dell Technologies were worth $13,869,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Jones Financial Companies Lllp bought a new position in Dell Technologies during the fourth quarter worth $25,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the period. Anchor Investment Management LLC acquired a new position in shares of Dell Technologies during the fourth quarter valued at about $26,000. Pinnacle Bancorp Inc. grew its position in Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after buying an additional 188 shares in the last quarter. Finally, Central Bank & Trust Co. acquired a new stake in Dell Technologies during the first quarter worth about $34,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of DELL opened at $137.82 on Friday. The company has a market cap of $97.76 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.71 and a beta of 0.85. The stock has a fifty day moving average price of $138.43 and a two-hundred day moving average price of $109.99. Dell Technologies Inc. has a 52-week low of $51.80 and a 52-week high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The business had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. As a group, research analysts predict that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insiders Place Their Bets

In other news, insider William F. Scannell sold 106,483 shares of Dell Technologies stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total value of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares of the company’s stock, valued at approximately $45,987,344.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total value of $5,716,771.65. Following the transaction, the director now directly owns 535,816 shares in the company, valued at $71,997,595.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William F. Scannell sold 106,483 shares of Dell Technologies stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the sale, the insider now directly owns 356,077 shares of the company’s stock, valued at approximately $45,987,344.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,246,728 shares of company stock valued at $842,917,457. 46.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on DELL shares. UBS Group upped their price target on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Barclays reduced their target price on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating for the company in a research report on Friday, May 31st. Evercore ISI boosted their price target on shares of Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Loop Capital increased their price objective on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $135.81.

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).