Penserra Capital Management LLC Decreases Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Penserra Capital Management LLC lessened its holdings in Dell Technologies Inc. (NYSE:DELL) by 85.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,990 shares of the technology company’s stock after selling 93,443 shares during the period. Penserra Capital Management LLC’s holdings in Dell Technologies were worth $1,894,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Clean Yield Group purchased a new position in Dell Technologies in the third quarter valued at about $25,000. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies in the second quarter valued at about $28,000. New Covenant Trust Company N.A. purchased a new stake in shares of Dell Technologies during the 1st quarter valued at about $30,000. Nemes Rush Group LLC acquired a new position in Dell Technologies during the 2nd quarter worth approximately $33,000. Finally, Crewe Advisors LLC purchased a new position in Dell Technologies in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Evercore ISI reissued an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Citigroup upped their price objective 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. UBS Group dropped their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. TD Cowen reduced their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $146.50.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $3,066,560. 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 17,954,112 shares of company stock valued at $2,113,449,139 over the last three months. Company insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

DELL stock opened at $144.16 on Tuesday. The firm has a fifty day moving average price of $126.42 and a two-hundred day moving average price of $126.91. Dell Technologies Inc. has a 1-year low of $67.51 and a 1-year high of $179.70. The firm has a market cap of $101.26 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.52 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. Dell Technologies’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, analysts expect that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.23%. Dell Technologies’s payout ratio is currently 32.72%.

Dell Technologies 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).