Knights of Columbus Asset Advisors LLC Has $5.29 Million Position in Dell Technologies Inc. (NYSE:DELL)

Knights of Columbus Asset Advisors LLC lowered its stake in Dell Technologies Inc. (NYSE:DELL) by 28.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,110 shares of the technology company’s stock after selling 27,982 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Dell Technologies were worth $5,287,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Dell Technologies by 1.8% during the first quarter. Vanguard Group Inc. now owns 17,498,328 shares of the technology company’s stock worth $878,241,000 after buying an additional 301,756 shares in the last quarter. FMR LLC grew its position in Dell Technologies by 59.6% in the third quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock valued at $646,053,000 after purchasing an additional 3,499,760 shares in the last quarter. State Street Corp increased its position in shares of Dell Technologies by 2.0% in the first quarter. State Street Corp now owns 7,107,031 shares of the technology company’s stock valued at $356,702,000 after acquiring an additional 138,821 shares during the last quarter. Morgan Stanley increased its position in shares of Dell Technologies by 96.9% during the 3rd quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock worth $346,137,000 after purchasing an additional 2,472,866 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Dell Technologies by 80.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,976,265 shares of the technology company’s stock worth $249,759,000 after purchasing an additional 2,222,995 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DELL shares. JPMorgan Chase & Co. lifted their price target on Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. TD Cowen raised their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a research report on Friday, March 1st. Evercore ISI upped their target price on Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. UBS Group raised their price target on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley lifted their price objective on Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $104.63.

Dell Technologies Price Performance

Dell Technologies stock opened at $114.85 on Friday. The company has a market capitalization of $81.98 billion, a P/E ratio of 26.28, a P/E/G ratio of 1.50 and a beta of 0.92. The business has a 50 day moving average of $108.95 and a 200-day moving average of $86.22. Dell Technologies Inc. has a 1 year low of $41.47 and a 1 year high of $136.16.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The company had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the prior year, the company posted $1.55 earnings per share. Dell Technologies’s revenue for the quarter was down 10.9% compared to the same quarter last year. Equities analysts anticipate that Dell Technologies Inc. will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.55%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, April 22nd. Dell Technologies’s payout ratio is presently 33.87%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider Jennifer D. Saavedra sold 18,260 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the completion of the sale, the insider now owns 206,961 shares in the company, valued at approximately $24,856,016.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the transaction, the director now directly owns 535,816 shares of the company’s stock, valued at $71,997,595.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer D. Saavedra sold 18,260 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total value of $2,193,026.00. Following the completion of the transaction, the insider now owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,382,204 shares of company stock valued at $718,452,037. Company insiders own 48.60% of the company’s stock.

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).