Asset Dedication LLC Cuts Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Asset Dedication LLC lessened its holdings in Dell Technologies Inc. (NYSE:DELL) by 14.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,107 shares of the technology company’s stock after selling 876 shares during the quarter. Asset Dedication LLC’s holdings in Dell Technologies were worth $605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital World Investors bought a new position in Dell Technologies in the first quarter worth about $835,946,000. DekaBank Deutsche Girozentrale raised its stake in shares of Dell Technologies by 83.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after acquiring an additional 1,011,512 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in Dell Technologies by 159.8% in the first quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock valued at $154,396,000 after acquiring an additional 832,144 shares in the last quarter. Nordea Investment Management AB grew its holdings in Dell Technologies by 303.6% in the first quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock worth $107,173,000 after purchasing an additional 705,167 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Dell Technologies by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after purchasing an additional 647,192 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on DELL. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Sanford C. Bernstein decreased their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Morgan Stanley dropped their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. TD Cowen lowered their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Finally, Citigroup upped their target price on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $126.74 on Thursday. The firm’s 50 day simple moving average is $113.52 and its 200-day simple moving average is $125.37. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70. The stock has a market capitalization of $89.90 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter in the prior year, the firm posted $1.44 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. Analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Transactions at Dell Technologies

In related news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,952,662 shares of company stock valued at $2,113,259,348 in the last three months. 46.70% of the stock is currently owned by company insiders.

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).