Dell Technologies Inc. (NYSE:DELL) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 20.9% during the second quarter, Holdings Channel.com reports. The firm owned 2,455 shares of the technology company’s stock after selling 650 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Dell Technologies were worth $339,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. New York Life Investment Management LLC lifted its stake in shares of Dell Technologies by 12.5% in the 4th quarter. New York Life Investment Management LLC now owns 4,144 shares of the technology company’s stock worth $317,000 after acquiring an additional 459 shares during the period. Fisher Asset Management LLC lifted its position in Dell Technologies by 2,535.5% in the fourth quarter. Fisher Asset Management LLC now owns 2,820 shares of the technology company’s stock worth $216,000 after purchasing an additional 2,713 shares during the period. Metis Global Partners LLC boosted its stake in Dell Technologies by 62.1% during the 4th quarter. Metis Global Partners LLC now owns 6,643 shares of the technology company’s stock valued at $508,000 after purchasing an additional 2,545 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Dell Technologies by 2.0% during the 4th quarter. Private Advisor Group LLC now owns 14,074 shares of the technology company’s stock valued at $1,077,000 after purchasing an additional 276 shares during the period. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Dell Technologies in the fourth quarter valued at $336,000. 38.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of research analyst reports. Morgan Stanley lowered their target price on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Citigroup lifted their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. UBS Group cut their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Evercore ISI reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Dell Technologies in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. raised their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $136.80.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director David W. Dorman sold 75,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the transaction, the director now owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 1,340,823 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $133.67, for a total value of $179,227,810.41. Following the sale, the chief executive officer now directly owns 28,931,999 shares of the company’s stock, valued at approximately $3,867,340,306.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,902,278 shares of company stock valued at $942,086,320. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Performance

DELL stock opened at $102.00 on Friday. The stock has a market cap of $72.35 billion, a P/E ratio of 20.82, a P/E/G ratio of 1.43 and a beta of 0.90. The firm has a 50 day simple moving average of $117.23 and a 200 day simple moving average of $123.36. Dell Technologies Inc. has a 52 week low of $63.90 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 182.71%. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 EPS. Sell-side analysts predict that Dell Technologies Inc. will post 6.86 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd were issued 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 1.75%. Dell Technologies’s dividend payout ratio is 36.33%.

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).