Asset Management One Co. Ltd. trimmed its stake in shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 117,017 shares of the technology company's stock after selling 3,067 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Dell Technologies were worth $3,998,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in DELL. Ellevest Inc. grew its position in shares of Dell Technologies by 156.2% during the 3rd quarter. Ellevest Inc. now owns 802 shares of the technology company's stock valued at $27,000 after purchasing an additional 489 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Dell Technologies during the first quarter worth about $27,000. Riverview Trust Co raised its holdings in shares of Dell Technologies by 166.1% in the 3rd quarter. Riverview Trust Co now owns 809 shares of the technology company's stock valued at $28,000 after acquiring an additional 505 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Dell Technologies during the 3rd quarter valued at about $31,000. Finally, Private Trust Co. NA purchased a new position in shares of Dell Technologies during the second quarter worth about $33,000. Hedge funds and other institutional investors own 26.42% of the company's stock.
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Insider Buying and Selling at Dell Technologies
In other news, insider William F. Scannell sold 91,938 shares of the firm's stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $42.62, for a total value of $3,918,397.56. Following the completion of the transaction, the insider now owns 178,627 shares in the company, valued at approximately $7,613,082.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 47.30% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on DELL shares. Barclays dropped their target price on shares of Dell Technologies from $49.00 to $41.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 22nd. Deutsche Bank Aktiengesellschaft reduced their target price on Dell Technologies from $55.00 to $48.00 in a research note on Tuesday, November 22nd. Sanford C. Bernstein dropped their price target on Dell Technologies from $72.00 to $60.00 in a research note on Monday, January 9th. Raymond James increased their price objective on Dell Technologies from $47.00 to $50.00 and gave the company an "outperform" rating in a research report on Tuesday, November 22nd. Finally, UBS Group dropped their target price on Dell Technologies from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, November 22nd. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $49.63.
Dell Technologies Price Performance
DELL opened at $40.31 on Monday. The firm has a market capitalization of $28.87 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 0.52 and a beta of 0.98. Dell Technologies Inc. has a one year low of $32.90 and a one year high of $61.54. The business has a 50 day simple moving average of $41.29 and a two-hundred day simple moving average of $40.71.
Dell Technologies (NYSE:DELL – Get Rating) last released its quarterly earnings results on Monday, November 21st. The technology company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.69. Dell Technologies had a net margin of 1.74% and a negative return on equity of 208.47%. The business had revenue of $24.72 million for the quarter, compared to analysts' expectations of $24.61 billion. During the same quarter in the previous year, the business posted $2.37 earnings per share. The firm's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.43 EPS for the current fiscal year.
Dell Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 3rd. Shareholders of record on Wednesday, January 25th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, January 24th. This represents a $1.32 annualized dividend and a yield of 3.27%. Dell Technologies's dividend payout ratio (DPR) is presently 55.46%.
Dell Technologies Company Profile
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Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.
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