Vontobel Holding Ltd. Lowers Position in Dell Technologies Inc. (NYSE:DELL)

Vontobel Holding Ltd. reduced its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 27.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,884 shares of the technology company's stock after selling 33,812 shares during the quarter. Vontobel Holding Ltd.'s holdings in Dell Technologies were worth $10,358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Byrne Asset Management LLC bought a new stake in Dell Technologies in the 4th quarter valued at $28,000. True Wealth Design LLC boosted its stake in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after purchasing an additional 253 shares during the period. MCF Advisors LLC boosted its stake in Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock valued at $34,000 after purchasing an additional 165 shares during the period. Covestor Ltd boosted its stake in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company's stock valued at $35,000 after purchasing an additional 218 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after purchasing an additional 111 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DELL has been the subject of several recent research reports. Citigroup reduced their price target on Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Evercore ISI reiterated an "outperform" rating and set a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Morgan Stanley cut their target price on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft cut their target price on Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a research report on Monday, December 2nd. Finally, Bank of America cut their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $145.65.

Dell Technologies Trading Up 0.5 %

DELL traded up $0.62 on Wednesday, reaching $120.96. The stock had a trading volume of 6,695,368 shares, compared to its average volume of 8,460,722. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70. The firm has a 50-day moving average of $113.06 and a 200-day moving average of $117.38. The company has a market capitalization of $84.73 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share 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 negative return on equity of 191.91% and a net margin of 4.36%. The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.62 earnings per share. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.47%. Dell Technologies's payout ratio is 31.45%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction dated Monday, December 16th. 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 represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 945,407 shares of company stock valued at $115,564,106. Company insiders own 46.70% of the company's stock.

About Dell Technologies

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).