Dell Technologies Inc. (NYSE:DELL) Shares Sold by Commerce Bank

Commerce Bank lowered its stake in Dell Technologies Inc. (NYSE:DELL) by 3.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 21,364 shares of the technology company’s stock after selling 792 shares during the quarter. Commerce Bank’s holdings in Dell Technologies were worth $2,532,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clean Yield Group purchased a new stake in shares of Dell Technologies during the third quarter worth about $25,000. Accordant Advisory Group Inc acquired a new stake in Dell Technologies in the 2nd quarter worth about $28,000. New Covenant Trust Company N.A. purchased a new stake in Dell Technologies during the 1st quarter worth approximately $30,000. Nemes Rush Group LLC acquired a new position in shares of Dell Technologies during the second quarter valued at approximately $33,000. Finally, Crewe Advisors LLC purchased a new position in shares of Dell Technologies in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Raymond James decreased their price target on shares of Dell Technologies from $166.00 to $160.00 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 note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 target price on the stock. Finally, Citigroup upped their price target on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $146.50.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 17,954,112 shares of company stock valued at $2,113,449,139 in the last ninety days. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Dell Technologies stock opened at $144.21 on Friday. The company has a market capitalization of $101.29 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 1.46 and a beta of 0.89. The company’s 50 day simple moving average is $125.84 and its 200-day simple moving average is $126.86. Dell Technologies Inc. has a 1 year low of $67.51 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS 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 analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $1.44 earnings per share. Equities analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

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).