Dell Technologies Inc. (NYSE:DELL) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its position in shares of Dell Technologies Inc. (NYSE:DELL) by 66.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,438 shares of the technology company’s stock after selling 41,866 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Dell Technologies were worth $2,541,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Clean Yield Group purchased a new position in shares of Dell Technologies during the 3rd quarter valued at approximately $25,000. Accordant Advisory Group Inc purchased a new position in shares of Dell Technologies during the 2nd quarter valued at approximately $28,000. New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies during the 1st quarter valued at approximately $30,000. Nemes Rush Group LLC purchased a new stake in Dell Technologies in the 2nd quarter worth $33,000. Finally, Crewe Advisors LLC purchased a new stake in Dell Technologies in the 2nd quarter worth $34,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on DELL. UBS Group cut their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Sanford C. Bernstein cut their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. TD Cowen cut their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Mizuho initiated coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price on the stock. Finally, Barclays lifted their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $146.50.

Dell Technologies Stock Performance

DELL stock opened at $141.71 on Wednesday. The company’s 50 day moving average price is $126.91 and its 200 day moving average price is $126.97. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The firm has a market capitalization of $99.54 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.52 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 earnings per share. Equities 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 issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 32.72%.

Insider Activity

In related news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This trade represents a 37.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,962,112 shares of company stock valued at $2,114,595,059. 46.70% of the stock is currently owned by company insiders.

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).