Dell Technologies Inc. (NYSE:DELL) Shares Sold by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. decreased its position in Dell Technologies Inc. (NYSE:DELL) by 11.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,382 shares of the technology company’s stock after selling 300 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Dell Technologies were worth $282,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Private Advisor Group LLC boosted its position in shares of Dell Technologies by 61.8% during the 1st quarter. Private Advisor Group LLC now owns 22,770 shares of the technology company’s stock worth $2,598,000 after purchasing an additional 8,696 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Dell Technologies by 44.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,280 shares of the technology company’s stock valued at $13,383,000 after buying an additional 35,900 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Dell Technologies by 18.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 58,867 shares of the technology company’s stock valued at $6,717,000 after buying an additional 8,974 shares during the last quarter. Graypoint LLC bought a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $238,000. Finally, Whittier Trust Co. raised its stake in Dell Technologies by 26.8% during the first quarter. Whittier Trust Co. now owns 7,710 shares of the technology company’s stock worth $880,000 after acquiring an additional 1,630 shares during the period. 38.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $3,066,560. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 value of $1,224,000,000.00. Following the sale, the chief executive officer now directly owns 16,912,241 shares in the company, valued at $2,070,058,298.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Down 0.8 %

DELL stock opened at $129.85 on Tuesday. The stock has a market capitalization of $91.20 billion, a P/E ratio of 23.87, a P/E/G ratio of 1.30 and a beta of 0.89. 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 $118.52 and a 200-day simple moving average of $125.56.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion during 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%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 32.72%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. TD Cowen reduced their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Wells Fargo & Company dropped their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Raymond James reduced their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Bank of America boosted their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Citigroup raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

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).