Thompson Siegel & Walmsley LLC Sells 25,158 Shares of Dell Technologies Inc. (NYSE:DELL)

Thompson Siegel & Walmsley LLC lessened its stake in Dell Technologies Inc. (NYSE:DELL) by 44.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,298 shares of the technology company’s stock after selling 25,158 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Dell Technologies were worth $4,316,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Dell Technologies by 22.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after purchasing an additional 25,117 shares during the last quarter. LRI Investments LLC bought a new position in Dell Technologies in the first quarter valued at about $104,000. Oppenheimer Asset Management Inc. raised its stake in Dell Technologies by 31.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock worth $740,000 after acquiring an additional 1,539 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Dell Technologies in the fourth quarter worth about $410,000. Finally, Tidal Investments LLC boosted its stake in shares of Dell Technologies by 114.2% in the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after purchasing an additional 5,432 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,032,968 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $113.67, for a total value of $117,417,472.56. Following the completion of the sale, the chief executive officer now directly owns 13,094,517 shares of the company’s stock, valued at approximately $1,488,453,747.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 1,032,968 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $113.67, for a total value of $117,417,472.56. Following the completion of the transaction, the chief executive officer now owns 13,094,517 shares in the company, valued at approximately $1,488,453,747.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the sale, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. The disclosure for this sale can be found here. Insiders have sold 6,140,496 shares of company stock valued at $722,588,749 over the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on DELL. UBS Group dropped their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Loop Capital upped their target price on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Barclays lifted their price target on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Finally, Citigroup upped their price objective on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Three equities 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.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $135.75.

Dell Technologies Stock Up 1.9 %

NYSE:DELL opened at $114.30 on Monday. The firm has a market capitalization of $81.07 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70. The company has a fifty day moving average of $113.98 and a 200-day moving average of $124.30.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 earnings per share. On average, analysts anticipate that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

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).