D.A. Davidson & CO. Sells 441 Shares of Dell Technologies Inc. (NYSE:DELL)

D.A. Davidson & CO. cut its stake in Dell Technologies Inc. (NYSE:DELL) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,599 shares of the technology company’s stock after selling 441 shares during the period. D.A. Davidson & CO.’s holdings in Dell Technologies were worth $901,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of DELL. Clean Yield Group bought a new stake in Dell Technologies during the third quarter worth about $25,000. Accordant Advisory Group Inc bought a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $28,000. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $33,000. Crewe Advisors LLC bought a new position in Dell Technologies in the second quarter valued at approximately $34,000. Finally, MCF Advisors LLC lifted its stake in Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after purchasing an additional 165 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DELL shares. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 price target on the stock. TD Cowen lowered their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Sanford C. Bernstein cut their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, UBS Group dropped their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.18.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $127.59 on Monday. Dell Technologies Inc. has a 52-week low of $67.51 and a 52-week high of $179.70. The company’s 50 day moving average price is $127.41 and its 200-day moving average price is $126.70. The company has a market capitalization of $89.62 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The business had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,962,112 shares of company stock valued at $2,114,595,059 in the last quarter. 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).