Greenleaf Trust Purchases 122 Shares of Dell Technologies Inc. (NYSE:DELL)

Greenleaf Trust lifted its position in Dell Technologies Inc. (NYSE:DELL) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,097 shares of the technology company’s stock after acquiring an additional 122 shares during the period. Greenleaf Trust’s holdings in Dell Technologies were worth $772,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DELL. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Dell Technologies by 73.8% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 869 shares of the technology company’s stock worth $66,000 after buying an additional 369 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Dell Technologies by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 16,577 shares of the technology company’s stock worth $1,269,000 after buying an additional 900 shares during the last quarter. Desjardins Global Asset Management Inc. grew its stake in shares of Dell Technologies by 120.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 52,487 shares of the technology company’s stock worth $4,015,000 after buying an additional 28,632 shares during the last quarter. Wealth Alliance grew its stake in shares of Dell Technologies by 42.9% in the 4th quarter. Wealth Alliance now owns 4,650 shares of the technology company’s stock worth $356,000 after buying an additional 1,395 shares during the last quarter. Finally, Signet Financial Management LLC grew its stake in shares of Dell Technologies by 0.4% in the 4th quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock worth $3,083,000 after buying an additional 153 shares during the last quarter. Institutional investors own 38.10% of the company’s stock.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 535,816 shares in the company, valued at $71,997,595.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction dated 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 sale, the director now directly owns 535,816 shares of the company’s stock, valued at $71,997,595.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 624,450 shares of Dell Technologies stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total value of $74,809,110.00. Following the completion of the sale, the chief executive officer now directly owns 39,787,791 shares in the company, valued at $4,766,577,361.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,382,204 shares of company stock worth $718,452,037. Corporate insiders own 48.60% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL opened at $114.87 on Monday. Dell Technologies Inc. has a one year low of $41.47 and a one year high of $136.16. The firm has a market capitalization of $81.99 billion, a P/E ratio of 26.29, a PEG ratio of 1.45 and a beta of 0.92. The business has a fifty day moving average of $108.95 and a 200 day moving average of $86.48.

Dell Technologies (NYSE:DELL) last released 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. The company had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. Dell Technologies’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 earnings per share. Analysts expect that Dell Technologies Inc. will post 6.58 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The business 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 dividend of $0.445 per share. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 1.55%. Dell Technologies’s payout ratio is 33.87%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Evercore ISI upped their price target on Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Loop Capital began coverage on Dell Technologies in a research note on Wednesday, February 28th. They set a “buy” rating and a $125.00 target price on the stock. Sanford C. Bernstein increased their target price on Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Wells Fargo & Company increased their target price on Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Finally, Morgan Stanley increased their target price on Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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).