Meiji Yasuda Asset Management Co Ltd. Sells 4,162 Shares of Dell Technologies Inc. (NYSE:DELL)

Meiji Yasuda Asset Management Co Ltd. lowered its position in Dell Technologies Inc. (NYSE:DELL) by 52.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,839 shares of the technology company’s stock after selling 4,162 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Dell Technologies were worth $529,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DELL. Principal Securities Inc. acquired a new stake in Dell Technologies in the 4th quarter valued at $52,000. Dimensional Fund Advisors LP increased its position in shares of Dell Technologies by 0.4% during the fourth 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 in the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Dell Technologies by 16.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 4,993 shares of the technology company’s stock worth $382,000 after acquiring an additional 688 shares during the last quarter. Norges Bank bought a new position in Dell Technologies in the 4th quarter valued at about $8,892,000. Finally, PNC Financial Services Group Inc. boosted its stake in Dell Technologies by 0.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 34,284 shares of the technology company’s stock valued at $2,623,000 after purchasing an additional 216 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40. Following the completion of the transaction, the director now directly owns 731,612 shares in the company, valued at $107,400,641.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 25,381 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total value of $3,411,714.02. Following the sale, the director now owns 787,669 shares of the company’s stock, valued at approximately $105,878,466.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’s stock in a transaction dated 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 directly owns 731,612 shares of the company’s stock, valued at approximately $107,400,641.60. The disclosure for this sale can be found here. Insiders sold 7,297,857 shares of company stock valued at $840,653,193 in the last quarter. 46.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Mizuho initiated coverage on shares of Dell Technologies in a report on Tuesday. They set an “outperform” rating and a $135.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Wells Fargo & Company reduced their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, Bank of America lifted their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $139.19.

Dell Technologies Stock Down 0.2 %

Shares of NYSE:DELL opened at $117.52 on Friday. The firm has a market capitalization of $83.36 billion, a PE ratio of 23.98, a P/E/G ratio of 1.15 and a beta of 0.90. The company has a 50-day moving average price of $111.30 and a two-hundred day moving average price of $124.26. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS. Analysts anticipate that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a $0.445 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.51%. Dell Technologies’s dividend payout ratio is currently 36.33%.

Dell Technologies 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).