Transform Wealth LLC Sells 1,179 Shares of Dell Technologies Inc. (NYSE:DELL)

Transform Wealth LLC trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 3.8% during the third quarter, HoldingsChannel reports. The fund owned 30,127 shares of the technology company’s stock after selling 1,179 shares during the quarter. Transform Wealth LLC’s holdings in Dell Technologies were worth $3,571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DELL. Massmutual Trust Co. FSB ADV increased its position in shares of Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after acquiring an additional 82 shares in the last quarter. Clean Yield Group purchased a new stake in shares of Dell Technologies during the third quarter valued at approximately $25,000. Accordant Advisory Group Inc bought a new stake in Dell Technologies during the second quarter worth $28,000. New Covenant Trust Company N.A. purchased a new position in Dell Technologies in the first quarter worth $30,000. Finally, Nemes Rush Group LLC bought a new position in Dell Technologies in the 2nd quarter valued at $33,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DELL. Mizuho assumed coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price target on the stock. Barclays raised their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Susquehanna started coverage on Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Morgan Stanley dropped their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Finally, Raymond James lowered their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.50.

Dell Technologies Trading Up 0.4 %

Shares of DELL traded up $0.48 during mid-day trading on Wednesday, reaching $126.31. The company’s stock had a trading volume of 1,371,469 shares, compared to its average volume of 10,448,606. Dell Technologies Inc. has a 52 week low of $63.90 and a 52 week high of $179.70. The company’s fifty day moving average price is $112.74 and its two-hundred day moving average price is $125.37. The stock has a market cap of $89.59 billion, a PE ratio of 25.72, a P/E/G ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion during 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 company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. Research analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s payout ratio is 36.33%.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Michael S. Dell sold 1,166,595 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $117.42, for a total transaction of $136,981,584.90. Following the transaction, the chief executive officer now owns 26,912,241 shares in the company, valued at $3,160,035,338.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. 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 over the last three months. Corporate insiders own 46.70% of the company’s stock.

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).