DekaBank Deutsche Girozentrale Sells 36,848 Shares of Dell Technologies Inc. (NYSE:DELL)

DekaBank Deutsche Girozentrale lessened its position in Dell Technologies Inc. (NYSE:DELL) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,239,931 shares of the technology company’s stock after selling 36,848 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.32% of Dell Technologies worth $264,989,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Accordant Advisory Group Inc bought a new stake in Dell Technologies in the 2nd quarter worth approximately $28,000. Clean Yield Group purchased a new position in Dell Technologies in the 3rd quarter worth $25,000. Nemes Rush Group LLC bought a new stake in Dell Technologies in the second quarter worth $33,000. Crewe Advisors LLC bought a new position in shares of Dell Technologies during the second quarter valued at about $34,000. Finally, New Covenant Trust Company N.A. bought a new position in Dell Technologies during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Activity at Dell Technologies

In other news, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. 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 available through this link. In other news, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction that occurred on 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 directly owns 73,263 shares in the company, valued at $8,593,017.27. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were 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 owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Trading Up 1.6 %

Shares of NYSE:DELL opened at $122.55 on Friday. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70. The stock has a market capitalization of $86.08 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 1.27 and a beta of 0.90. The stock has a fifty day simple moving average of $116.73 and a two-hundred day simple moving average of $125.28.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 EPS. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.45%. Dell Technologies’s payout ratio is currently 32.72%.

Analyst Ratings Changes

A number of equities research analysts recently commented on DELL shares. Barclays upped their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. UBS Group reduced their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Raymond James cut their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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).