Acadian Asset Management LLC disclosed to the Securities and Exchange Commission, or SEC, that it sold 52.5% of its shares in position in Dell Technologies, Inc. (NYSE:DELL – Free Report) during the first quarter. After cutting 1,547,085 shares of technology company’s stock during that period, the fund now held 1,399,645 issues. As of its last SEC filing, Acadian Investment Management, LLC owned about 0.20% of Dell Technologies, priced at $159,688,000.
Numerous other significant investors have either went up or down their ownership position in Dell Technologies within the company. During the fourth period, Vanguard Group Inc. increased its stake in Dell Technology by 3.8%. Vanguard Group Inc. acquired an additional 647,192 issues of the information technology the business’s stock during the most recent quarter, increasing its total holdings to 17,595,478 shares, valued at $1,346,054,000.
During the fourth period, Boston Partners increased its stake in Dell Technologies by 2.1%. After purchasing an additional 197,435 shares in the most recent quarter, Boston Partnership now owns 9,575,882 pieces of the information technology company’s stock, valued at $733,564,000.
Lastly, during the fourth quarter, Charles Schwab Investment Management Inc. increased its position in Dell Technologies by 3.3%. Charles Schwab Capital Management Inc. purchased an additional 49,106 shares of the technology company’s stock in the most recent quarter, bringing its total holdings to 1,547,375 shares, valued at $118,374,000. 38.10% of the organization’s equity is held by hedge funds and institutional investors.
Dell Technologies Up 0.4% in Trading: Dell Technologies’ shares increased by $0.45 during Friday’s trading session, closing at $125.79. The number of shares traded was 6,932,821, as opposed to the typical trading volume of 10,853,814. With a $89.22 billion market capitalization, the business has a 25.67 P/E ratio, a 1.56 price-to-earnings-growth ratio, and a 0.92 beta. With a twelve-month bottom of $52.05 and a twelve-month high of $179.70, the stock of Dell Technologies Inc. The stock’s two-hundred-day average volatility is $117.25, and its fifty-day moving average is $142.37.
The most recent quarterly earnings data for position in Dell Technologies, Inc. (NYSE:DELL – Get Free Report) were released on Thursday, May 30. The IT business topped analysts’ consensus projections of $1.00 per share by $0.04 when it announced $1.04 income per share for the quarter. Dell Technologies had a 173.72% decreased return on equity and a net margin of 4.00%. Compared to the average expectation of $21.70 billion, the company’s sales for the quarter was $22.24 billion. For the present fiscal year, analysts position in Dell Technologies Inc. to report 6.85 earnings per piece on average.
Dell Technologies Has Shared Information: Additionally, the company recently announced that it will pay a dividend every quarter on Friday, August 2. On Tuesday, July 23rd, investors who are of record will get a $0.445 dividend. The date of the ex-dividend is July 23, a Tuesday. This translates to a 1.42% yield for the dividend and an annualised dividend of $1.78. At present, Dell Technologies’ payout percentage stands at 36.33%.
Analysts on Wall Street Project Growth: On DELL shares, a number of analysts have released reports. On Friday, May 31st, Wells Fargo and Company upgraded its price position in Dell Technologies stocks from $170.00 to $175.00 and rated the stock as “overweight” in an investment report. In a research report released on Wednesday, May 29, Bank of America increased its price target on Dell Technologies shares from $130.00 to $180.00 and assigned the company a “buy” rating. On Monday, May 20, JPMorgan Chase & Co. upgraded its price target on Dell Technologies shares from $125.00 to $155.00 and rated the firm as “overweight” in a research note.
In a research report published on Tuesday, May 28th, Loop Capital upgraded up price target on Dell Technologies stock from $125.00 to $185.00 and assigned the company a “buy” rating. Lastly, in a research note released on Monday, July 1st, Evercore ISI reiterated its “outperform” rating and set a $165.00 price target for position in Dell Technologies shares. Thirteen analysts have given the business’s stock a buy rating, one analyst has given it a hold rating, and one analyst has given it a sell rating.
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