Pzena Investment Management LLC Has $227,000 Stake in Dell Technologies Inc. (NYSE:DELL)

Pzena Investment Management LLC reduced its position in shares of Dell Technologies Inc. (NYSE:DELL) by 12.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,917 shares of the technology company’s stock after selling 270 shares during the period. Pzena Investment Management LLC’s holdings in Dell Technologies were worth $227,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Seven Eight Capital LP acquired a new stake in Dell Technologies in the 1st quarter valued at $513,000. UniSuper Management Pty Ltd increased its position in shares of Dell Technologies by 78.9% in the first quarter. UniSuper Management Pty Ltd now owns 3,400 shares of the technology company’s stock valued at $388,000 after acquiring an additional 1,500 shares during the last quarter. Bessemer Group Inc. raised its holdings in Dell Technologies by 3,911.8% during the first quarter. Bessemer Group Inc. now owns 13,640 shares of the technology company’s stock worth $1,556,000 after acquiring an additional 13,300 shares in the last quarter. EntryPoint Capital LLC boosted its position in Dell Technologies by 748.7% during the first quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock valued at $38,000 after purchasing an additional 292 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Dell Technologies in the first quarter valued at approximately $382,000. 38.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 in the company, valued at approximately $2,070,058,298.40. The trade was a 37.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,954,112 shares of company stock worth $2,113,449,139 over the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

DELL stock opened at $133.93 on Thursday. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The stock has a market capitalization of $94.07 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.39 and a beta of 0.89. The business’s fifty day moving average price is $124.71 and its two-hundred day moving average price is $126.67.

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

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.33%. Dell Technologies’s dividend payout ratio is 32.72%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein dropped their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Susquehanna initiated coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup upped their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Morgan Stanley raised their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $146.50.

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).