Team Hewins LLC Reduces Holdings in Dell Technologies Inc. (NYSE:DELL)

Team Hewins LLC reduced its position in Dell Technologies Inc. (NYSE:DELL) by 3.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,855 shares of the technology company’s stock after selling 104 shares during the period. Team Hewins LLC’s holdings in Dell Technologies were worth $326,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DELL. Massmutual Trust Co. FSB ADV lifted its stake in Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. BSW Wealth Partners boosted its stake in Dell Technologies by 0.7% during the first quarter. BSW Wealth Partners now owns 16,765 shares of the technology company’s stock valued at $1,913,000 after buying an additional 114 shares during the period. Greenleaf Trust grew its position in Dell Technologies by 1.2% during the fourth quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock worth $772,000 after buying an additional 122 shares in the last quarter. ORG Partners LLC increased its stake in Dell Technologies by 19.0% in the 4th quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock worth $67,000 after acquiring an additional 140 shares during the last quarter. Finally, Eaton Financial Holdings Company LLC boosted its position in shares of Dell Technologies by 2.1% during the 4th quarter. Eaton Financial Holdings Company LLC now owns 6,997 shares of the technology company’s stock valued at $535,000 after acquiring an additional 147 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

Dell Technologies stock traded down $5.25 during midday trading on Thursday, reaching $140.52. 6,305,982 shares of the company traded hands, compared to its average volume of 10,036,541. Dell Technologies Inc. has a 12 month low of $52.05 and a 12 month high of $179.70. The firm has a market capitalization of $99.67 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.92. The business has a 50 day moving average of $141.84 and a two-hundred day moving average of $114.21.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The firm had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is 36.33%.

Analyst Ratings Changes

DELL has been the topic of a number of research analyst reports. Barclays reduced their target price on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research note on Friday, May 31st. Bank of America boosted their target price on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Evercore ISI reissued an “outperform” rating and set a $165.00 price target on shares of Dell Technologies in a research note on Monday, July 1st. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Finally, Loop Capital lifted their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $135.81.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $144.68, for a total value of $144,680,000.00. Following the completion of the sale, the director now directly owns 770,369 shares of the company’s stock, valued at approximately $111,456,986.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $144.68, for a total transaction of $144,680,000.00. Following the completion of the sale, the director now directly owns 770,369 shares of the company’s stock, valued at approximately $111,456,986.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the sale, the director now directly owns 806,352 shares of the company’s stock, valued at $108,986,536.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,012,239 shares of company stock valued at $956,883,994. 46.70% of the stock is owned by corporate insiders.

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).