Dell Technologies Inc. (NYSE:DELL) Position Boosted by Truist Financial Corp

Truist Financial Corp lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,338 shares of the technology company’s stock after purchasing an additional 8,850 shares during the period. Truist Financial Corp’s holdings in Dell Technologies were worth $9,604,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies during the fourth quarter worth about $1,272,000. iA Global Asset Management Inc. lifted its position in shares of Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares during the last quarter. National Pension Service lifted its position in shares of Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after purchasing an additional 50,304 shares during the last quarter. Sky Investment Group LLC bought a new position in shares of Dell Technologies during the fourth quarter worth about $1,687,000. Finally, Enclave Advisors LLC acquired a new stake in Dell Technologies during the fourth quarter worth about $848,000. Institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the completion of the transaction, the chief financial officer now directly owns 228,419 shares of the company’s stock, valued at $28,739,678.58. This represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 937,407 shares of company stock worth $114,418,186. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

NYSE DELL opened at $117.66 on Friday. Dell Technologies Inc. has a 12 month low of $85.40 and a 12 month high of $179.70. The firm has a market capitalization of $82.41 billion, a PE ratio of 20.79, a P/E/G ratio of 1.11 and a beta of 0.90. The company’s 50 day simple moving average is $113.12 and its 200 day simple moving average is $117.42.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating 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 business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter last year, the business earned $1.62 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued 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 was Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DELL. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Melius Research increased their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley dropped their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Mizuho dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Finally, Barclays increased 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. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $145.00.

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).