Ensign Peak Advisors Inc Sells 175,185 Shares of Dell Technologies Inc. (NYSE:DELL)

Ensign Peak Advisors Inc trimmed its stake in Dell Technologies Inc. (NYSE:DELL) by 76.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,530 shares of the technology company’s stock after selling 175,185 shares during the period. Ensign Peak Advisors Inc’s holdings in Dell Technologies were worth $7,244,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DELL. Vanguard Group Inc. raised its stake in shares of Dell Technologies by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after buying an additional 647,192 shares during the period. Capital World Investors purchased a new position in Dell Technologies during the first quarter valued at approximately $835,946,000. Point72 Asset Management L.P. boosted its position in shares of Dell Technologies by 14.8% in the fourth quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock worth $309,458,000 after purchasing an additional 520,677 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Dell Technologies by 449.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after purchasing an additional 3,038,891 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Dell Technologies by 2.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after purchasing an additional 51,804 shares during the period. 38.10% of the stock is owned by institutional investors.

Dell Technologies Trading Up 2.4 %

Shares of NYSE DELL opened at $120.17 on Thursday. The stock has a market capitalization of $85.24 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70. The firm’s 50-day moving average price is $110.57 and its 200-day moving average price is $124.34.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion during 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 company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $1.44 EPS. On average, equities analysts predict that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays increased their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Morgan Stanley decreased their target price on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Mizuho assumed coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price objective for the company. Wells Fargo & Company reduced their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, UBS Group dropped their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.47.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the transaction, the director now directly owns 731,612 shares in the company, valued at approximately $107,400,641.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the completion of the transaction, the director now owns 731,612 shares in the company, valued at approximately $107,400,641.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total value of $529,031.52. Following the completion of the transaction, the chief marketing officer now directly owns 89,294 shares in the company, valued at approximately $13,035,138.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,007,047 shares of company stock valued at $1,041,595,745. 46.70% of the stock is currently owned by company insiders.

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).