Greenwood Capital Associates LLC Sells 5,274 Shares of Dell Technologies Inc. (NYSE:DELL)

Greenwood Capital Associates LLC trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,866 shares of the technology company’s stock after selling 5,274 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Dell Technologies were worth $5,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Capital World Investors bought a new stake in Dell Technologies during the first quarter valued at approximately $835,946,000. International Assets Investment Management LLC raised its position in Dell Technologies by 19,376.1% during the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after purchasing an additional 2,415,234 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake 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 worth $319,771,000 after purchasing an additional 51,804 shares during the last quarter. Bahl & Gaynor Inc. increased its position 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 valued at $194,289,000 after purchasing an additional 55,763 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Dell Technologies by 103.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock valued at $156,275,000 after buying an additional 575,166 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DELL shares. Raymond James cut their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. TD Cowen decreased their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Evercore ISI restated an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a research report on Wednesday, August 28th. Barclays increased their price objective 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, Deutsche Bank Aktiengesellschaft started coverage on shares of Dell Technologies in a report on Friday, September 27th. They set a “buy” rating and a $144.00 price target for the company. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Insiders Place Their Bets

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now owns 23,680 shares in the company, valued at $3,066,560. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $3,066,560. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, 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. Over 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 currently owned by corporate insiders.

Dell Technologies Stock Down 0.8 %

DELL opened at $129.85 on Tuesday. The stock has a market cap of $91.21 billion, a PE ratio of 23.87, a PEG ratio of 1.38 and a beta of 0.89. The business has a 50 day moving average of $118.52 and a 200-day moving average of $125.56. Dell Technologies Inc. has a 52 week low of $67.51 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results 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. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same period last year, the business earned $1.44 EPS. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

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).