Dell Technologies Inc. (NYSE:DELL) Shares Sold by MAI Capital Management

MAI Capital Management lowered its holdings in Dell Technologies Inc. (NYSE:DELL) by 72.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,573 shares of the technology company’s stock after selling 22,904 shares during the period. MAI Capital Management’s holdings in Dell Technologies were worth $1,016,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday. Morgan Stanley lifted their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Susquehanna started coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target for the company. Finally, 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 report on Friday, August 30th. 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $146.50.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies 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 completion of the transaction, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,954,112 shares of company stock valued at $2,113,449,139 over the last 90 days. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Performance

Shares of DELL opened at $138.69 on Friday. The firm has a market capitalization of $97.41 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 1.43 and a beta of 0.89. The stock’s fifty day moving average is $125.25 and its 200-day moving average is $126.76. Dell Technologies Inc. has a one year low of $67.51 and a one 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 analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the previous year, the firm earned $1.44 EPS. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. Analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is presently 32.72%.

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).