Dell Technologies Inc. (NYSE:DELL) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in Dell Technologies Inc. (NYSE:DELL) by 16.5% in the third quarter, Holdings Channel reports. The firm owned 1,494,848 shares of the technology company’s stock after selling 294,404 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Dell Technologies were worth $177,199,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Capital World Investors purchased a new position in shares of Dell Technologies in the first quarter worth about $835,946,000. International Assets Investment Management LLC lifted its stake in Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after acquiring an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Dell Technologies by 2.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after acquiring an additional 51,804 shares during the last quarter. Bahl & Gaynor Inc. increased its stake in shares of Dell Technologies by 4.1% in the second quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock worth $194,289,000 after acquiring an additional 55,763 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Dell Technologies by 103.1% in the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after acquiring an additional 575,166 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, 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 transaction of $4,995,967.55. Following the transaction, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,953,387 shares of company stock valued at $2,113,353,236 over the last 90 days. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Up 5.9 %

DELL stock opened at $130.87 on Monday. Dell Technologies Inc. has a 52 week low of $67.51 and a 52 week high of $179.70. The firm has a 50-day simple moving average of $118.15 and a 200-day simple moving average of $125.48. The stock has a market capitalization of $91.92 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.30 and a beta of 0.89.

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

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were issued a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.36%. Dell Technologies’s payout ratio is currently 32.72%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Sanford C. Bernstein lowered their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. JPMorgan Chase & Co. upped their target price on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. 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 report on Friday, August 30th. Citigroup boosted their price target on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Mizuho started coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

About Dell Technologies

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).