Dell Technologies Inc. (NYSE:DELL) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management cut its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,135 shares of the technology company’s stock after selling 612 shares during the quarter. Ritholtz Wealth Management’s holdings in Dell Technologies were worth $3,572,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DELL. Capital World Investors acquired a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $835,946,000. DekaBank Deutsche Girozentrale lifted its holdings in Dell Technologies by 83.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after acquiring an additional 1,011,512 shares during the period. Bahl & Gaynor Inc. boosted its position in shares of Dell Technologies by 159.8% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock worth $154,396,000 after purchasing an additional 832,144 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Dell Technologies by 303.6% during the 1st quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock worth $107,173,000 after purchasing an additional 705,167 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Dell Technologies by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after purchasing an additional 647,192 shares in the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

NYSE:DELL opened at $127.73 on Friday. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70. The firm has a 50 day simple moving average of $111.52 and a 200-day simple moving average of $125.09. The firm has a market cap of $90.60 billion, a PE ratio of 26.07, a P/E/G ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share 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 analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 EPS. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Mizuho started coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price on the stock. Evercore ISI restated an “outperform” rating and issued a $140.00 price target on shares of Dell Technologies in a report on Wednesday, August 28th. Susquehanna began coverage on Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective for the company. Wells Fargo & Company lowered their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, UBS Group cut their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Lake Group L.L.C. Silver sold 25,381 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total value of $3,411,714.02. Following the transaction, the director now owns 787,669 shares in the company, valued at approximately $105,878,466.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,978,043 shares of company stock worth $2,116,671,062 in the last three months. Company insiders own 46.70% of the company’s stock.

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).