Cornercap Investment Counsel Inc. Sells 1,204 Shares of Dell Technologies Inc. (NYSE:DELL)

Cornercap Investment Counsel Inc. lessened its position in Dell Technologies Inc. (NYSE:DELL) by 16.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,246 shares of the technology company’s stock after selling 1,204 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Dell Technologies were worth $740,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Clean Yield Group bought a new stake in shares of Dell Technologies during the third quarter worth $25,000. Accordant Advisory Group Inc bought a new position in Dell Technologies in the second quarter valued at $28,000. New Covenant Trust Company N.A. bought a new position in Dell Technologies in the first quarter valued at $30,000. Nemes Rush Group LLC bought a new position in Dell Technologies in the second quarter valued at $33,000. Finally, Crewe Advisors LLC bought a new position in Dell Technologies in the second quarter valued at $34,000. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

NYSE DELL opened at $131.62 on Friday. Dell Technologies Inc. has a 1 year low of $67.51 and a 1 year high of $179.70. The firm has a market cap of $92.45 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.42 and a beta of 0.89. The company has a fifty day moving average price of $122.43 and a 200-day moving average price of $126.37.

Dell Technologies (NYSE:DELL) last posted its quarterly 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 company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 earnings per share. On average, research analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors 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 yield of 1.35%. Dell Technologies’s payout ratio is currently 32.72%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $3,066,560. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. This trade represents a 9.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. 46.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on DELL shares. Raymond James cut their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Mizuho started coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target on the stock. Sanford C. Bernstein decreased their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Susquehanna assumed coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $144.63.

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).