Ballentine Partners LLC Sells 334 Shares of Dell Technologies Inc. (NYSE:DELL)

Ballentine Partners LLC trimmed its holdings in Dell Technologies Inc. (NYSE:DELL) by 3.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,192 shares of the technology company’s stock after selling 334 shares during the quarter. Ballentine Partners LLC’s holdings in Dell Technologies were worth $1,175,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. State Street Corp lifted its stake in shares of Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after buying an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC lifted 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 valued at $746,596,000 after buying an additional 2,641,456 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Dell Technologies by 19,376.1% during the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after purchasing an additional 2,415,234 shares in the last quarter. Alkeon Capital Management LLC lifted its position in shares of Dell Technologies by 48.3% during the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock valued at $254,479,000 after purchasing an additional 699,204 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Dell Technologies by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock valued at $204,538,000 after purchasing an additional 29,717 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Evercore ISI reissued an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Wells Fargo & Company raised their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Citigroup dropped their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Finally, Barclays raised their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Trading Up 1.8 %

Shares of NYSE:DELL opened at $111.59 on Wednesday. The company has a 50 day moving average of $122.42 and a 200 day moving average of $119.90. The stock has a market cap of $78.17 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.16 and a beta of 0.92. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70.

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

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.60%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on 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. The trade was a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 945,407 shares of company stock valued at $115,573,009. Corporate insiders own 46.70% of the company’s stock.

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).