Dell Technologies Inc. (NYSE:DELL) Shares Sold by TIAA Trust National Association

TIAA Trust National Association decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 90.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,289 shares of the technology company’s stock after selling 112,317 shares during the period. TIAA Trust National Association’s holdings in Dell Technologies were worth $1,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in shares of Dell Technologies by 284.2% in the second quarter. Rhumbline Advisers now owns 360,591 shares of the technology company’s stock valued at $49,729,000 after buying an additional 266,732 shares during the last quarter. Private Wealth Strategies L.L.C. acquired a new position in shares of Dell Technologies in the second quarter valued at approximately $460,000. Crestwood Advisors Group LLC purchased a new position in Dell Technologies during the 2nd quarter worth $389,000. Game Plan Financial Advisors LLC purchased a new position in Dell Technologies during the second quarter worth about $627,000. Finally, Drive Wealth Management LLC acquired a new stake in shares of Dell Technologies in the 2nd quarter valued at approximately $217,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Performance

NYSE:DELL opened at $109.07 on Thursday. The stock has a market cap of $77.36 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 1.43 and a beta of 0.92. Dell Technologies Inc. has a one year low of $63.90 and a one year high of $179.70. The business’s 50-day simple moving average is $118.60 and its 200 day simple moving average is $123.06.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 182.71%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 earnings per share. On average, equities research analysts predict that Dell Technologies Inc. will post 6.86 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.63%. Dell Technologies’s payout ratio is 36.33%.

Analysts Set New Price Targets

DELL has been the topic of a number of recent analyst reports. Barclays upped their price objective on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Evercore ISI reiterated an “outperform” rating and issued a $140.00 price objective on shares of Dell Technologies in a research note on Wednesday, August 28th. Raymond James lowered their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company lowered their price target on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $136.80.

Insider Buying and Selling

In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 25,381 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the transaction, the director now owns 787,669 shares of the company’s stock, valued at approximately $105,878,466.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Lake Group L.L.C. Silver sold 25,381 shares of Dell Technologies stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total value of $3,411,714.02. Following the completion of the transaction, the director now directly owns 787,669 shares of the company’s stock, valued at approximately $105,878,466.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the sale, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,902,278 shares of company stock worth $942,086,320. Corporate insiders own 46.70% of the company’s stock.

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).