Generali Investments Management Co LLC trimmed its stake in Dell Technologies Inc. (NYSE:DELL – Free Report) by 89.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,237 shares of the technology company’s stock after selling 10,625 shares during the period. Generali Investments Management Co LLC’s holdings in Dell Technologies were worth $534,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of DELL. Byrne Asset Management LLC bought a new position in shares of Dell Technologies during the 2nd quarter valued at approximately $38,000. Atwood & Palmer Inc. lifted its position in Dell Technologies by 860.0% in the second quarter. Atwood & Palmer Inc. now owns 96 shares of the technology company’s stock worth $41,000 after buying an additional 86 shares during the last quarter. Allied Private Wealth LLC purchased a new position in Dell Technologies during the second quarter worth $63,000. Elevation Wealth Partners LLC increased its position in Dell Technologies by 5,900.0% during the second quarter. Elevation Wealth Partners LLC now owns 180 shares of the technology company’s stock valued at $78,000 after acquiring an additional 177 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new position in Dell Technologies during the fourth quarter valued at $25,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.
Dell Technologies Stock Performance
Dell Technologies stock opened at $458.05 on Tuesday. The company has a market capitalization of $296.87 billion, a PE ratio of 36.38, a P/E/G ratio of 0.97 and a beta of 1.33. The company has a 50 day moving average price of $417.05 and a 200-day moving average price of $263.68. Dell Technologies Inc. has a fifty-two week low of $110.22 and a fifty-two week high of $485.70.
Dell Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.6%. Dell Technologies’s dividend payout ratio (DPR) is 20.02%.
Wall Street Analysts Forecast Growth
DELL has been the subject of several analyst reports. Roth Capital assumed coverage on shares of Dell Technologies in a report on Friday, May 29th. They issued a “buy” rating for the company. Melius Research set a $565.00 price target on shares of Dell Technologies in a report on Friday, May 29th. Loop Capital raised their price objective on shares of Dell Technologies from $150.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Bank of America boosted their target price on Dell Technologies from $280.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Piper Sandler upped their target price on Dell Technologies from $167.00 to $497.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $492.43.
Read Our Latest Report on DELL
Insider Buying and Selling at Dell Technologies
In other news, Director Lake Group L.L.C. Silver sold 16,679 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $396.37, for a total value of $6,611,055.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Silver Lake Partners V. De (Aiv sold 34,869 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total transaction of $15,814,486.26. Following the transaction, the director owned 43,961 shares in the company, valued at approximately $19,938,071.94. This represents a 44.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,434,758 shares of company stock worth $1,448,870,683. 41.50% of the stock is owned by company insiders.
Dell Technologies Profile
Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.
Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.
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