Harvest Fund Management Co. Ltd Decreases Stake in Dell Technologies Inc. (NYSE:DELL)

Harvest Fund Management Co. Ltd trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 91.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 456 shares of the technology company’s stock after selling 4,718 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Dell Technologies were worth $35,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in shares of Dell Technologies in the 4th quarter worth about $26,000. Pinnacle Bancorp Inc. lifted its holdings in Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after buying an additional 188 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its position in shares of Dell Technologies by 454.5% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock worth $37,000 after acquiring an additional 400 shares in the last quarter. Castleview Partners LLC bought a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $39,000. Finally, GPS Wealth Strategies Group LLC raised its position in shares of Dell Technologies by 1,456.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock valued at $46,000 after acquiring an additional 568 shares in the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the transaction, the general counsel now owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the transaction, the general counsel now owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 41,550 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the sale, the chief executive officer now directly owns 36,389,719 shares of the company’s stock, valued at $3,894,791,624.57. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock valued at $718,452,037 over the last ninety days. Insiders own 48.60% of the company’s stock.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $125.04 on Friday. Dell Technologies Inc. has a 1 year low of $41.79 and a 1 year high of $136.16. The firm has a market cap of $89.25 billion, a P/E ratio of 28.61, a PEG ratio of 1.58 and a beta of 0.92. The stock has a fifty day moving average price of $112.60 and a two-hundred day moving average price of $88.11.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The business had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter last year, the business posted $1.55 earnings per share. The company’s quarterly revenue was down 10.9% on a year-over-year basis. On average, research analysts predict that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be issued a $0.445 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Monday, April 22nd. Dell Technologies’s payout ratio is presently 40.73%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Loop Capital started coverage on Dell Technologies in a research note on Wednesday, February 28th. They issued a “buy” rating and a $125.00 target price for the company. UBS Group increased their price target on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Wells Fargo & Company upped their price objective on Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, The Goldman Sachs Group raised their target price on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.63.

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).