Rheos Capital Works Inc. Sells 50,000 Shares of Dell Technologies Inc. (NYSE:DELL)

Rheos Capital Works Inc. trimmed its position in shares of Dell Technologies Inc. (NYSE:DELL) by 25.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,000 shares of the technology company’s stock after selling 50,000 shares during the period. Rheos Capital Works Inc.’s holdings in Dell Technologies were worth $17,286,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DELL. Marshall Wace LLP purchased a new position in Dell Technologies in the 2nd quarter worth about $470,000. The Manufacturers Life Insurance Company increased its position in shares of Dell Technologies by 9.2% during the second quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company’s stock worth $3,111,000 after acquiring an additional 1,902 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Dell Technologies during the second quarter valued at approximately $4,567,000. Centaurus Financial Inc. purchased a new stake in shares of Dell Technologies in the second quarter valued at approximately $262,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Dell Technologies by 39.6% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 335 shares of the technology company’s stock worth $40,000 after purchasing an additional 95 shares during the period. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

NYSE:DELL opened at $103.84 on Monday. The company has a fifty day moving average of $117.34 and a two-hundred day moving average of $117.91. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70. The stock has a market capitalization of $72.74 billion, a PE ratio of 18.35, a P/E/G ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data 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 analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.62 EPS. Research analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders 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 dividend yield of 1.71%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

Insider Buying and Selling

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the sale, the director now directly owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 946,132 shares of company stock worth $115,660,009. 46.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on DELL. Citigroup dropped their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Barclays upped their price objective on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Wells Fargo & Company increased their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Morgan Stanley upped their price objective 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. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average 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).