Fort Washington Investment Advisors Inc. OH Sells 531 Shares of Dell Technologies Inc. (NYSE:DELL)

Fort Washington Investment Advisors Inc. OH lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,974 shares of the technology company’s stock after selling 531 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Dell Technologies were worth $458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp grew its stake in shares of Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after buying an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Dell Technologies by 71.8% in the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after purchasing an additional 2,641,456 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Dell Technologies by 19,376.1% in the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after purchasing an additional 2,415,234 shares during the last quarter. Alkeon Capital Management LLC grew its stake in shares of Dell Technologies by 48.3% in the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after purchasing an additional 699,204 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Dell Technologies by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock worth $204,538,000 after purchasing an additional 29,717 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock valued at $115,573,009 over the last three months. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 0.7 %

Shares of NYSE DELL opened at $114.26 on Friday. The firm’s 50-day moving average price is $121.53 and its 200-day moving average price is $119.67. The firm has a market capitalization of $80.04 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.18 and a beta of 0.92. Dell Technologies Inc. has a 1-year low of $80.49 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.62 earnings per share. Equities research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s payout ratio is presently 31.45%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Barclays boosted their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Morgan Stanley boosted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Evercore ISI restated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

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).