Hsbc Holdings PLC Decreases Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Hsbc Holdings PLC cut its stake in Dell Technologies Inc. (NYSE:DELL) by 21.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 324,919 shares of the technology company’s stock after selling 86,694 shares during the quarter. Hsbc Holdings PLC’s holdings in Dell Technologies were worth $44,748,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DELL. Capital World Investors purchased a new position in Dell Technologies in the first quarter worth about $835,946,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Dell Technologies by 449.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after buying an additional 3,038,891 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Dell Technologies by 83.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after buying an additional 1,011,512 shares during the period. Balyasny Asset Management L.P. raised its position in Dell Technologies by 2,466.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock worth $67,810,000 after acquiring an additional 851,867 shares during the period. Finally, Bahl & Gaynor Inc. boosted its stake in shares of Dell Technologies by 159.8% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock worth $154,396,000 after acquiring an additional 832,144 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the transaction, the chief executive officer now owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the transaction, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at $13,035,138.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the sale, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. The disclosure for this sale can be found here. Insiders sold 7,297,857 shares of company stock valued at $840,653,193 in the last ninety days. Insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

DELL has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Raymond James lowered their price objective on 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 raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Mizuho initiated coverage on shares of Dell Technologies in a report on Tuesday. They set an “outperform” rating and a $135.00 price target on the stock. Finally, Bank of America increased their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $139.19.

Dell Technologies Stock Performance

NYSE DELL opened at $117.52 on Friday. The stock has a 50 day moving average price of $111.30 and a 200-day moving average price of $124.26. Dell Technologies Inc. has a one year low of $63.90 and a one year high of $179.70. The company has a market capitalization of $83.36 billion, a P/E ratio of 23.98, a P/E/G ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate 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 business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter last year, the business earned $1.44 earnings per share. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts predict that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.51%. Dell Technologies’s dividend payout ratio (DPR) is presently 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).