Dell Technologies Inc. (NYSE:DELL) Shares Sold by Nwam LLC

Nwam LLC trimmed its holdings in Dell Technologies Inc. (NYSE:DELL) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 48,829 shares of the technology company’s stock after selling 1,150 shares during the period. Nwam LLC’s holdings in Dell Technologies were worth $5,788,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GM Advisory Group LLC purchased a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $364,000. Allen Capital Group LLC purchased a new stake in Dell Technologies in the third quarter valued at approximately $337,000. Citigroup Inc. boosted its position in shares of Dell Technologies by 22.6% during the third quarter. Citigroup Inc. now owns 349,623 shares of the technology company’s stock worth $41,444,000 after buying an additional 64,564 shares during the period. Raymond James Trust N.A. grew its stake in shares of Dell Technologies by 13.6% in the third quarter. Raymond James Trust N.A. now owns 11,242 shares of the technology company’s stock valued at $1,333,000 after buying an additional 1,349 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Dell Technologies by 1.8% during 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 acquiring an additional 29,717 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DELL. Barclays boosted their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. UBS Group cut their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Dell Technologies in a research note on Friday, September 27th. They set a “buy” rating and a $144.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $146.50.

Insider Activity

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,954,112 shares of company stock valued at $2,113,449,139 in the last ninety days. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Trading Up 2.1 %

Shares of Dell Technologies stock opened at $141.79 on Friday. The company has a fifty day simple moving average of $125.25 and a 200-day simple moving average of $126.76. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70. The stock has a market cap of $99.59 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 1.43 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last issued 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. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter last year, the company posted $1.44 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 32.72%.

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).