Dell Technologies Inc. (NYSE:DELL) Position Reduced by Argyle Capital Management Inc.

Argyle Capital Management Inc. decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,810 shares of the technology company’s stock after selling 803 shares during the period. Argyle Capital Management Inc.’s holdings in Dell Technologies were worth $827,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PGGM Investments increased its holdings in shares of Dell Technologies by 7.3% in the fourth quarter. PGGM Investments now owns 59,109 shares of the technology company’s stock valued at $4,522,000 after buying an additional 4,000 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at $206,000. Citizens Financial Group Inc. RI increased its holdings in shares of Dell Technologies by 22.0% in the fourth quarter. Citizens Financial Group Inc. RI now owns 4,010 shares of the technology company’s stock valued at $307,000 after buying an additional 723 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Dell Technologies by 17.7% in the fourth quarter. Truist Financial Corp now owns 64,575 shares of the technology company’s stock valued at $4,940,000 after buying an additional 9,730 shares in the last quarter. Finally, Bahl & Gaynor Inc. bought a new position in shares of Dell Technologies in the fourth quarter valued at $39,849,000. Institutional investors own 38.10% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares in the company, valued at $45,987,344.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares in the company, valued at $45,987,344.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the transaction, the general counsel now directly owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The disclosure for this sale can be found here. Insiders sold 6,382,204 shares of company stock worth $718,452,037 over the last ninety days. Company insiders own 48.60% of the company’s stock.

Dell Technologies Price Performance

NYSE:DELL traded up $0.15 during trading hours on Friday, reaching $125.06. The company’s stock had a trading volume of 5,512,196 shares, compared to its average volume of 8,052,664. The company has a market cap of $89.27 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 1.58 and a beta of 0.92. Dell Technologies Inc. has a one year low of $41.79 and a one year high of $136.16. The business’s 50-day moving average is $112.60 and its 200-day moving average is $88.37.

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

Dell Technologies Increases Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on DELL. Evercore ISI upped their price target on Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Barclays upped their price target on Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a report on Friday, March 1st. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. UBS Group boosted their target price on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, The Goldman Sachs Group boosted their target price on shares of Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $104.63.

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).