Kingsview Wealth Management LLC Sells 640 Shares of Dell Technologies Inc. (NYSE:DELL)

Kingsview Wealth Management LLC reduced its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 14.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,885 shares of the technology company’s stock after selling 640 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Dell Technologies were worth $461,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Accordant Advisory Group Inc purchased a new position in shares of Dell Technologies in the second quarter valued at $28,000. Clean Yield Group purchased a new position in shares of Dell Technologies in the third quarter valued at $25,000. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies in the second quarter valued at $33,000. Crewe Advisors LLC purchased a new position in Dell Technologies during the second quarter worth about $34,000. Finally, Kimelman & Baird LLC purchased a new position in Dell Technologies during the second quarter worth about $37,000. 38.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This represents a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,962,112 shares of company stock valued at $2,114,595,059 in the last 90 days. Insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 12.2 %

NYSE DELL opened at $124.38 on Friday. Dell Technologies Inc. has a 1-year low of $67.51 and a 1-year high of $179.70. The stock has a 50-day moving average of $127.21 and a 200-day moving average of $126.94. The firm has a market cap of $87.36 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.51 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.62 EPS. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Raymond James reduced their target price 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. Barclays boosted their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Susquehanna assumed coverage on Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price for the company. UBS Group reduced 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. Finally, Wells Fargo & Company boosted their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $148.18.

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).