Compagnie Lombard Odier SCmA Cuts Stock Position in Dell Technologies Inc. (NYSE:DELL)

Compagnie Lombard Odier SCmA lessened its stake in Dell Technologies Inc. (NYSE:DELL) by 59.1% in the fourth quarter, HoldingsChannel reports. The fund owned 960 shares of the technology company’s stock after selling 1,390 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Dell Technologies were worth $111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DELL. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at about $28,000. True Wealth Design LLC lifted its stake in shares of 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 acquiring an additional 253 shares during the last quarter. MCF Advisors LLC raised its position in Dell Technologies by 132.0% during 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 last quarter. Covestor Ltd raised its position in Dell Technologies by 290.7% during 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 last quarter. Finally, Versant Capital Management Inc raised its position in Dell Technologies by 54.7% during 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 last quarter. Institutional investors own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft reduced their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Mizuho cut their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company upped their price target on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.94.

Dell Technologies Trading Up 3.6 %

Shares of DELL opened at $114.28 on Friday. The business’s fifty day simple moving average is $113.36 and its two-hundred day simple moving average is $117.10. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70. The company has a market cap of $80.05 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released 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 firm had revenue of $24.37 billion for 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 company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.62 EPS. As a group, research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The company 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 was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.56%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Insider Transactions at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now directly owns 228,419 shares in the company, valued at approximately $28,739,678.58. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock worth $115,564,106 in the last ninety days. 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).