Dell Technologies Inc. (NYSE:DELL) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC cut its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 0.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,174 shares of the technology company’s stock after selling 115 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Dell Technologies were worth $1,443,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. International Assets Investment Management LLC grew its position 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 worth $287,779,000 after purchasing an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale raised its position in Dell Technologies by 2.3% during the second 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 in the last quarter. Alkeon Capital Management LLC lifted its holdings in Dell Technologies by 48.3% in the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock valued at $254,479,000 after acquiring an additional 699,204 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Dell Technologies by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock worth $204,538,000 after purchasing an additional 29,717 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its stake in shares of Dell Technologies by 4.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock worth $194,289,000 after purchasing an additional 55,763 shares during the period. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $124.38 on Friday. Dell Technologies Inc. has a 1 year low of $67.51 and a 1 year high of $179.70. The company has a market capitalization of $87.36 billion, a P/E ratio of 21.98, a P/E/G ratio of 1.31 and a beta of 0.89. The company has a 50 day simple moving average of $127.21 and a 200-day simple moving average of $126.94.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 earnings per share. As a group, research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

Insider Transactions at Dell Technologies

In other news, insider William F. Scannell sold 42,595 shares of the 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 sale, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the transaction, the chief executive officer now owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. This trade represents a 9.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,962,112 shares of company stock worth $2,114,595,059. 46.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DELL. Evercore ISI reissued an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Citigroup dropped their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Finally, Raymond James dropped 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. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $148.18.

Dell Technologies Company 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).