Dell Technologies Inc. (NYSE:DELL) Shares Sold by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. lowered its position in shares of Dell Technologies Inc. (NYSE:DELL) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,534 shares of the technology company’s stock after selling 109 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Dell Technologies were worth $487,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Dell Technologies during the fourth quarter worth $5,121,000. Truist Financial Corp increased its position in Dell Technologies by 17.7% during the fourth quarter. Truist Financial Corp now owns 64,575 shares of the technology company’s stock worth $4,940,000 after purchasing an additional 9,730 shares during the last quarter. Savant Capital LLC raised its stake in Dell Technologies by 10.8% during the fourth quarter. Savant Capital LLC now owns 4,435 shares of the technology company’s stock worth $339,000 after purchasing an additional 432 shares during the period. New York Life Investment Management LLC grew its stake in shares of Dell Technologies by 12.5% in the 4th quarter. New York Life Investment Management LLC now owns 4,144 shares of the technology company’s stock valued at $317,000 after buying an additional 459 shares during the period. Finally, First Trust Direct Indexing L.P. raised its position in shares of Dell Technologies by 10.7% during the 4th quarter. First Trust Direct Indexing L.P. now owns 3,803 shares of the technology company’s stock valued at $291,000 after buying an additional 368 shares during the period. 38.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 139,419 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $136.18, for a total transaction of $18,986,079.42. Following the completion of the sale, the chief executive officer now owns 30,272,822 shares in the company, valued at approximately $4,122,552,899.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Michael S. Dell sold 139,419 shares of Dell Technologies stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $136.18, for a total value of $18,986,079.42. Following the completion of the transaction, the chief executive officer now directly owns 30,272,822 shares in the company, valued at $4,122,552,899.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $158.79, for a total value of $61,799,321.31. Following the sale, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. Insiders have sold 7,058,131 shares of company stock worth $963,293,619 in the last quarter. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Up 4.3 %

Shares of DELL traded up $4.80 during trading hours on Friday, reaching $115.54. 33,433,633 shares of the company traded hands, compared to its average volume of 11,410,623. The stock has a fifty day simple moving average of $120.21 and a 200 day simple moving average of $122.49. Dell Technologies Inc. has a fifty-two week low of $53.62 and a fifty-two week high of $179.70. The stock has a market capitalization of $81.95 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 1.43 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 182.71% and a net margin of 4.32%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 EPS. Research analysts predict that Dell Technologies Inc. will post 6.86 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd were given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.54%. The ex-dividend date was Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Wall Street Analyst Weigh In

A number of research firms have commented on DELL. Barclays upped 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. Citigroup increased their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday. Raymond James decreased their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. upped their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.88.

Dell Technologies Company 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).