Checchi Capital Advisers LLC Sells 115 Shares of Dell Technologies Inc. (NYSE:DELL)

Checchi Capital Advisers LLC cut its holdings in Dell Technologies Inc. (NYSE:DELL) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,647 shares of the technology company’s stock after selling 115 shares during the period. Checchi Capital Advisers LLC’s holdings in Dell Technologies were worth $503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DELL. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies during the 2nd quarter valued at approximately $28,000. Massmutual Trust Co. FSB ADV grew its holdings in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares during the period. New Covenant Trust Company N.A. purchased a new stake in Dell Technologies in the first quarter worth $30,000. Central Bank & Trust Co. bought a new stake in shares of Dell Technologies in the first quarter valued at $34,000. Finally, Bangor Savings Bank lifted its position in shares of Dell Technologies by 117.0% during the 2nd quarter. Bangor Savings Bank now owns 306 shares of the technology company’s stock valued at $42,000 after buying an additional 165 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Loop Capital raised their price objective on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Wells Fargo & Company reduced their price target on Dell Technologies from $175.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, August 14th. Sanford C. Bernstein increased their price objective on Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Morgan Stanley reduced their target price on Dell Technologies from $155.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Finally, Bank of America lowered their price target on shares of Dell Technologies from $180.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.38.

Dell Technologies Trading Down 0.3 %

Shares of Dell Technologies stock opened at $111.54 on Thursday. The company’s fifty day simple moving average is $121.56 and its two-hundred day simple moving average is $122.10. Dell Technologies Inc. has a 12-month low of $53.62 and a 12-month high of $179.70. The company has a market cap of $79.12 billion, a P/E ratio of 22.76, a PEG ratio of 1.34 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. The firm had revenue of $22.24 billion during the quarter, compared to analyst estimates of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. Analysts predict that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were paid a $0.445 dividend. The ex-dividend date was Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.60%. Dell Technologies’s payout ratio is currently 36.33%.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the sale, the director now directly owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of Dell Technologies stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $135.16, for a total value of $2,221,219.44. Following the completion of the sale, the director now owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total value of $10,144,500.00. Following the transaction, the director now directly owns 114,317 shares in the company, valued at $15,462,517.42. The disclosure for this sale can be found here. Insiders sold a total of 7,058,131 shares of company stock valued at $963,293,619 in the last 90 days. Corporate insiders own 46.70% of the company’s stock.

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).