Dell Technologies Inc. (NYSE:DELL) Shares Sold by Brighton Jones LLC

Brighton Jones LLC decreased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 41.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,110 shares of the technology company’s stock after selling 1,470 shares during the quarter. Brighton Jones LLC’s holdings in Dell Technologies were worth $250,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Clean Yield Group purchased a new stake in Dell Technologies in the 3rd quarter valued at about $25,000. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies in the 2nd quarter valued at approximately $28,000. New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies in the 1st quarter worth approximately $30,000. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies during the 2nd quarter worth approximately $33,000. Finally, Crewe Advisors LLC purchased a new stake in Dell Technologies in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s 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 transaction, the director now owns 23,680 shares in the company, valued at $3,066,560. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. Insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

DELL has been the subject of several research analyst reports. Susquehanna initiated coverage on Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. UBS Group dropped their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Sanford C. Bernstein reduced their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. TD Cowen dropped their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, Morgan Stanley reduced their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $122.55 on Friday. The stock’s 50-day simple moving average is $116.73 and its 200-day simple moving average is $125.27. The firm has a market capitalization of $86.93 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 EPS. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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 given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 36.33%.

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).