Fiduciary Family Office LLC Decreases Position in Dell Technologies Inc. (NYSE:DELL)

Fiduciary Family Office LLC lessened its position in Dell Technologies Inc. (NYSE:DELL) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,644 shares of the technology company’s stock after selling 545 shares during the period. Fiduciary Family Office LLC’s holdings in Dell Technologies were worth $1,143,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Private Advisor Group LLC boosted its stake in Dell Technologies by 61.8% during the first quarter. Private Advisor Group LLC now owns 22,770 shares of the technology company’s stock worth $2,598,000 after acquiring an additional 8,696 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Dell Technologies by 44.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,280 shares of the technology company’s stock worth $13,383,000 after purchasing an additional 35,900 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Dell Technologies by 18.0% during the first quarter. Janney Montgomery Scott LLC now owns 58,867 shares of the technology company’s stock valued at $6,717,000 after acquiring an additional 8,974 shares in the last quarter. Graypoint LLC purchased a new position in Dell Technologies during the first quarter valued at $238,000. Finally, Whittier Trust Co. grew its stake in Dell Technologies by 26.8% during the first quarter. Whittier Trust Co. now owns 7,710 shares of the technology company’s stock valued at $880,000 after acquiring an additional 1,630 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on DELL. Wells Fargo & Company lowered their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. TD Cowen lowered their target price 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. Sanford C. Bernstein decreased their price objective 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. Raymond James decreased their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Insider Transactions at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares of the company’s stock, valued at $8,593,017.27. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael S. Dell sold 1,839,959 shares of the company’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 completion of the sale, the chief executive officer now owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Trading Up 0.3 %

NYSE DELL traded up $0.38 on Tuesday, hitting $130.23. 1,701,813 shares of the company’s stock traded hands, compared to its average volume of 10,207,140. The firm’s 50-day moving average price is $118.52 and its two-hundred day moving average price is $125.56. Dell Technologies Inc. has a 1-year low of $67.51 and a 1-year high of $179.70. The firm has a market capitalization of $91.47 billion, a PE ratio of 23.97, a P/E/G ratio of 1.38 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping 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 company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the firm earned $1.44 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date of this dividend was 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 32.72%.

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).