Dell Technologies Inc. (NYSE:DELL) Position Cut by Fiduciary Family Office LLC

Fiduciary Family Office LLC trimmed its position in Dell Technologies Inc. (NYSE:DELL) by 5.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,644 shares of the technology company’s stock after selling 545 shares during the period. Fiduciary Family Office LLC’s holdings in Dell Technologies were worth $1,143,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DELL. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Dell Technologies by 22.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after buying an additional 25,117 shares in the last quarter. LRI Investments LLC acquired a new stake in Dell Technologies during the first quarter valued at approximately $104,000. Oppenheimer Asset Management Inc. raised its stake in shares of Dell Technologies by 31.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock valued at $740,000 after acquiring an additional 1,539 shares during the last quarter. Harvey Capital Management Inc. bought a new position in Dell Technologies in the 3rd quarter worth approximately $2,848,000. Finally, Chicago Capital LLC grew its holdings in Dell Technologies by 3.7% during the 3rd quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock worth $14,399,000 after acquiring an additional 4,385 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Up 0.3 %

NYSE:DELL traded up $0.38 during trading hours on Tuesday, reaching $130.23. The company had a trading volume of 1,701,813 shares, compared to its average volume of 10,207,140. The firm has a market cap of $91.47 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 1.38 and a beta of 0.89. The business’s 50-day simple moving average is $118.52 and its two-hundred day simple moving average is $125.56. Dell Technologies Inc. has a twelve month low of $67.51 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same period last year, the company earned $1.44 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. As a group, equities analysts predict that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.37%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is 32.72%.

Insiders Place Their Bets

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. Company insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

DELL has been the subject of a number of analyst reports. Raymond James lowered their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Susquehanna started coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target for the company. Wells Fargo & Company decreased their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Finally, Morgan Stanley reduced their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average 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).