Van ECK Associates Corp Decreases Stake in Dell Technologies Inc. (NYSE:DELL)

Van ECK Associates Corp lowered its holdings in Dell Technologies Inc. (NYSE:DELL) by 20.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,278 shares of the technology company’s stock after selling 824 shares during the quarter. Van ECK Associates Corp’s holdings in Dell Technologies were worth $378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Intrepid Financial Planning Group LLC increased its stake in shares of Dell Technologies by 0.7% in the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after acquiring an additional 80 shares during the period. Smithfield Trust Co increased its stake in shares of Dell Technologies by 8.0% in the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after acquiring an additional 84 shares during the period. Graypoint LLC increased its stake in shares of Dell Technologies by 4.3% in the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after acquiring an additional 86 shares during the period. ASB Consultores LLC increased its stake in shares of Dell Technologies by 4.6% in the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock worth $236,000 after acquiring an additional 87 shares during the period. Finally, Equitable Trust Co. increased its stake in shares of Dell Technologies by 3.1% in the third quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock worth $349,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insiders Place Their Bets

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the sale, the chief financial officer now owns 228,419 shares of the company’s stock, valued at approximately $28,739,678.58. This represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 937,407 shares of company stock valued at $114,418,186 over the last ninety days. Company insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DELL. Bank of America dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Melius Research raised their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Mizuho dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Finally, Evercore ISI restated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

Dell Technologies Trading Down 1.9 %

NYSE:DELL opened at $117.66 on Friday. The company’s 50-day moving average price is $113.11 and its 200-day moving average price is $117.55. The company has a market cap of $82.41 billion, a P/E ratio of 20.79, a P/E/G ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a twelve month low of $85.40 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the previous year, the firm earned $1.62 earnings per share. Dell Technologies’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

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).