Dell Technologies Inc. (NYSE:DELL) Shares Sold by Jennison Associates LLC

Jennison Associates LLC reduced its stake in Dell Technologies Inc. (NYSE:DELL) by 13.8% in the third quarter, HoldingsChannel.com reports. The fund owned 1,129,133 shares of the technology company’s stock after selling 180,639 shares during the quarter. Jennison Associates LLC’s holdings in Dell Technologies were worth $133,847,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Clean Yield Group bought a new stake in shares of Dell Technologies in the third quarter valued at about $25,000. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies in the second quarter valued at approximately $28,000. New Covenant Trust Company N.A. bought a new stake in Dell Technologies in the 1st quarter valued at about $30,000. Nemes Rush Group LLC purchased a new position in Dell Technologies during the second quarter valued at approximately $33,000. Finally, Crewe Advisors LLC purchased a new stake in Dell Technologies during the 2nd quarter valued at about $34,000. 38.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DELL has been the subject of several recent research reports. Citigroup boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Sanford C. Bernstein cut their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Susquehanna started coverage on Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. UBS Group reduced their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.88.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. This trade represents a 37.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. This represents a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,954,112 shares of company stock valued at $2,113,449,139 in the last quarter. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Dell Technologies stock opened at $135.85 on Wednesday. The stock has a market cap of $95.42 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.39 and a beta of 0.89. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The stock’s 50 day simple moving average is $124.21 and its two-hundred day simple moving average is $126.62.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.44 earnings per share. On average, analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.31%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

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).