Nan Fung Trinity HK Ltd. Sells 42,200 Shares of Dell Technologies Inc. $DELL

Nan Fung Trinity HK Ltd. trimmed its position in Dell Technologies Inc. (NYSE:DELL) by 27.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 114,085 shares of the technology company’s stock after selling 42,200 shares during the quarter. Dell Technologies accounts for about 1.7% of Nan Fung Trinity HK Ltd.’s investment portfolio, making the stock its 28th largest holding. Nan Fung Trinity HK Ltd.’s holdings in Dell Technologies were worth $13,987,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. boosted its position in shares of Dell Technologies by 84.7% during the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Dell Technologies in the 2nd quarter worth $29,000. NewSquare Capital LLC raised its position in shares of Dell Technologies by 96.9% during the 2nd quarter. NewSquare Capital LLC now owns 254 shares of the technology company’s stock valued at $31,000 after buying an additional 125 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $26,000. Finally, Cheviot Value Management LLC purchased a new position in shares of Dell Technologies in the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Down 2.9%

Shares of NYSE:DELL opened at $138.61 on Wednesday. The business’s 50 day moving average is $143.22 and its 200 day moving average is $128.05. The stock has a market cap of $93.19 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 0.97 and a beta of 1.02. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $168.08.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. The business had revenue of $26.43 billion for the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is presently 30.88%.

Insider Buying and Selling at Dell Technologies

In other news, Director William D. Green sold 42,736 shares of Dell Technologies stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total value of $6,837,760.00. Following the transaction, the director owned 47,619 shares of the company’s stock, valued at $7,619,040. The trade was a 47.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lake Group L.L.C. Silver sold 6,617 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $151.63, for a total transaction of $1,003,335.71. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 4,537,755 shares of company stock worth $642,644,973. 42.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DELL shares. Fox Advisors downgraded Dell Technologies from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 29th. Cowen reaffirmed a “hold” rating on shares of Dell Technologies in a research note on Friday, August 29th. TD Cowen raised their price objective on shares of Dell Technologies from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Evercore ISI set a $180.00 target price on Dell Technologies and gave the company an “outperform” rating in a research note on Monday, November 3rd. Finally, Mizuho raised their price target on Dell Technologies from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $162.80.

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).