One Wealth Advisors LLC Lowers Stake in Dell Technologies Inc. (NYSE:DELL)

One Wealth Advisors LLC trimmed its stake in Dell Technologies Inc. (NYSE:DELL) by 6.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,228 shares of the technology company’s stock after selling 331 shares during the period. One Wealth Advisors LLC’s holdings in Dell Technologies were worth $620,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Rheos Capital Works Inc. purchased a new stake in Dell Technologies during the third quarter worth $23,708,000. Seven Grand Managers LLC purchased a new stake in shares of Dell Technologies during the 3rd quarter worth $23,708,000. B.O.S.S. Retirement Advisors LLC purchased a new position in Dell Technologies in the third quarter valued at about $242,000. Vontobel Holding Ltd. raised its holdings in Dell Technologies by 10.1% in the third quarter. Vontobel Holding Ltd. now owns 123,696 shares of the technology company’s stock worth $14,663,000 after purchasing an additional 11,350 shares in the last quarter. Finally, MN Wealth Advisors LLC bought a new stake in shares of Dell Technologies in the 3rd quarter valued at about $256,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Susquehanna began coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. TD Cowen decreased 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. Deutsche Bank Aktiengesellschaft initiated coverage on Dell Technologies in a report on Friday, September 27th. They issued a “buy” rating and a $144.00 price objective on the stock. Finally, Raymond James decreased their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Three investment 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Michael S. Dell sold 221,460 shares of the 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 completion of the sale, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,952,662 shares of company stock valued at $2,113,259,348. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL stock traded up $2.76 on Thursday, reaching $129.49. 941,912 shares of the company were exchanged, compared to its average volume of 10,413,955. The company has a market cap of $91.85 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70. The business has a 50-day moving average price of $113.52 and a 200 day moving average price of $125.37.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share 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 the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 earnings per share. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders 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 annualized dividend and a dividend yield of 1.37%. Dell Technologies’s dividend payout ratio is currently 36.33%.

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).