AE Wealth Management LLC Sells 5,442 Shares of Dell Technologies Inc. (NYSE:DELL)

AE Wealth Management LLC decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 14.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 31,262 shares of the technology company’s stock after selling 5,442 shares during the period. AE Wealth Management LLC’s holdings in Dell Technologies were worth $4,311,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC grew its stake in Dell Technologies by 1.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after purchasing an additional 80 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after buying an additional 82 shares during the period. J.P. Marvel Investment Advisors LLC increased its stake in shares of Dell Technologies by 0.9% in the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after acquiring an additional 98 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in Dell Technologies by 1.7% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 6,780 shares of the technology company’s stock valued at $935,000 after acquiring an additional 114 shares during the period. Finally, M3 Advisory Group LLC boosted its stake in Dell Technologies by 3.4% during the second quarter. M3 Advisory Group LLC now owns 3,557 shares of the technology company’s stock worth $491,000 after acquiring an additional 117 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Down 0.2 %

Shares of Dell Technologies stock opened at $117.50 on Monday. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70. The company’s 50 day moving average is $111.30 and its 200 day moving average is $124.35. The company has a market cap of $83.34 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released 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. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same period in the prior year, the firm earned $1.44 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. Sell-side analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $144.68, for a total transaction of $144,680,000.00. Following the completion of the sale, the director now directly owns 770,369 shares in the company, valued at $111,456,986.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $144.68, for a total value of $144,680,000.00. Following the transaction, the director now directly owns 770,369 shares of the company’s stock, valued at approximately $111,456,986.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total value of $529,031.52. Following the sale, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The disclosure for this sale can be found here. Insiders sold 7,297,857 shares of company stock valued at $840,653,193 in the last quarter. 46.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DELL shares. Wells Fargo & Company lowered their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Sanford C. Bernstein lowered their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Mizuho initiated coverage on Dell Technologies in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price on the stock. UBS Group lowered their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Morgan Stanley cut their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.19.

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).