Hsbc Holdings PLC Sells 86,694 Shares of Dell Technologies Inc. (NYSE:DELL)

Hsbc Holdings PLC lowered its holdings in Dell Technologies Inc. (NYSE:DELL) by 21.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 324,919 shares of the technology company’s stock after selling 86,694 shares during the period. Hsbc Holdings PLC’s holdings in Dell Technologies were worth $44,748,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Accordant Advisory Group Inc bought a new stake in shares of Dell Technologies during the 2nd quarter worth $28,000. Massmutual Trust Co. FSB ADV lifted its stake in Dell Technologies by 58.2% during the first 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 during the last quarter. Crewe Advisors LLC purchased a new position in shares of Dell Technologies in the 2nd quarter worth about $34,000. New Covenant Trust Company N.A. bought a new position in shares of Dell Technologies during the 1st quarter valued at about $30,000. Finally, Central Bank & Trust Co. bought a new stake in Dell Technologies in the 1st quarter worth approximately $34,000. Institutional investors own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of recent research reports. Evercore ISI reiterated an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a research report on Wednesday, August 28th. Citigroup lifted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. UBS Group reduced their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. JPMorgan Chase & Co. boosted their target price on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Sanford C. Bernstein reduced their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $139.19.

Insider Buying and Selling at Dell Technologies

In other news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of the firm’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 owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,297,857 shares of company stock valued at $840,653,193. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL opened at $117.52 on Friday. The company has a 50-day simple moving average of $111.30 and a two-hundred day simple moving average of $124.26. The firm has a market capitalization of $83.36 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a one year low of $63.90 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last released 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 for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 earnings per share. Analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 36.33%.

Dell Technologies Company 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).