Dell Technologies Inc. (NYSE:DELL) Holdings Decreased by Versor Investments LP

Versor Investments LP decreased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 40.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,000 shares of the technology company’s stock after selling 2,006 shares during the period. Versor Investments LP’s holdings in Dell Technologies were worth $356,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of Dell Technologies by 11.6% in the first quarter. US Bancorp DE now owns 23,855 shares of the technology company’s stock valued at $2,722,000 after buying an additional 2,476 shares during the period. Avantax Advisory Services Inc. grew its stake in shares of Dell Technologies by 30.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 6,513 shares of the technology company’s stock worth $743,000 after purchasing an additional 1,520 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Dell Technologies by 22.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock worth $15,482,000 after buying an additional 25,117 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in Dell Technologies in the first quarter worth approximately $282,000. Finally, HBK Sorce Advisory LLC acquired a new stake in shares of Dell Technologies during the 1st quarter valued at $206,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $131.62 on Friday. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The business has a 50-day moving average of $122.43 and a two-hundred day moving average of $126.37. The stock has a market capitalization of $92.45 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.42 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during 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 revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.44 EPS. As a group, research analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.35%. Dell Technologies’s payout ratio is 32.72%.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the transaction, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now directly owns 73,263 shares in the company, valued at $8,593,017.27. The trade was a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock valued at $2,113,353,236 over the last ninety days. 46.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on DELL shares. JPMorgan Chase & Co. upped their target price on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Dell Technologies in a research report on Friday, September 27th. They issued a “buy” rating and a $144.00 target price on the stock. Sanford C. Bernstein cut their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Morgan Stanley raised their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Mizuho assumed coverage on Dell Technologies in a report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.63.

About Dell Technologies

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).