Banque Cantonale Vaudoise Has $3.36 Million Position in Dell Technologies Inc. (NYSE:DELL)

Banque Cantonale Vaudoise decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 11.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,337 shares of the technology company’s stock after selling 3,657 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Dell Technologies were worth $3,358,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital World Investors bought a new position in Dell Technologies during the first quarter worth about $835,946,000. International Assets Investment Management LLC lifted its position in shares of Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after buying an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Dell Technologies by 2.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after buying an additional 51,804 shares in the last quarter. Bahl & Gaynor Inc. grew its position in Dell Technologies by 4.1% in the second quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock valued at $194,289,000 after acquiring an additional 55,763 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Dell Technologies by 103.1% during the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after acquiring an additional 575,166 shares in the last quarter. 38.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DELL has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Susquehanna assumed coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Bank of America lifted their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Sanford C. Bernstein decreased their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, Raymond James cut their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.88.

Dell Technologies Trading Down 0.1 %

NYSE DELL opened at $135.85 on Wednesday. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70. The company has a market capitalization of $95.42 billion, a PE ratio of 24.97, a P/E/G ratio of 1.39 and a beta of 0.89. The stock has a 50-day simple moving average of $124.21 and a 200 day simple moving average of $126.62.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. As a group, sell-side analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is 32.72%.

Insider Activity

In related news, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. This represents a 9.11 % decrease in their ownership of the stock. The sale 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 business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,954,112 shares of company stock worth $2,113,449,139 over the last three months. Corporate insiders own 46.70% of the company’s stock.

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).