Dell Technologies Inc. (NYSE:DELL) Stock Holdings Lessened by Van ECK Associates Corp

Van ECK Associates Corp lessened its stake in Dell Technologies Inc. (NYSE:DELL) by 51.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,102 shares of the technology company’s stock after selling 4,433 shares during the quarter. Van ECK Associates Corp’s holdings in Dell Technologies were worth $490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Dell Technologies by 22.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock worth $15,482,000 after acquiring an additional 25,117 shares during the last quarter. LRI Investments LLC acquired a new position in Dell Technologies in the 1st quarter worth about $104,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Dell Technologies by 31.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock valued at $740,000 after buying an additional 1,539 shares during the last quarter. Chicago Capital LLC grew its stake in shares of Dell Technologies by 3.7% in the 3rd quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock valued at $14,399,000 after buying an additional 4,385 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in Dell Technologies by 114.2% in the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after buying an additional 5,432 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Down 1.4 %

Dell Technologies stock opened at $136.51 on Wednesday. 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 $95.88 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89. The business has a 50 day moving average price of $120.86 and a two-hundred day moving average price of $126.17.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, August 29th. The technology company reported $1.89 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 firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same period last year, the business earned $1.44 earnings per share. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal 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 issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

Insider Activity

In related news, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the sale, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. 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 through this hyperlink. In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,953,387 shares of company stock worth $2,113,353,236. Company insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on DELL shares. Bank of America boosted their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays increased their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Mizuho initiated coverage on Dell Technologies in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price target for the company. Sanford C. Bernstein lowered their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Finally, Evercore ISI restated an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.63.

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).