Epoch Investment Partners Inc. Sells 46,820 Shares of Dell Technologies Inc. (NYSE:DELL)

Epoch Investment Partners Inc. cut its holdings in Dell Technologies Inc. (NYSE:DELL) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 734,243 shares of the technology company’s stock after selling 46,820 shares during the quarter. Epoch Investment Partners Inc. owned 0.10% of Dell Technologies worth $101,259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC lifted its holdings in shares of Dell Technologies by 1.4% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock valued at $822,000 after buying an additional 80 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings 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 during the period. J.P. Marvel Investment Advisors LLC raised its holdings in Dell Technologies by 0.9% in the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after purchasing an additional 98 shares during the period. Citizens Financial Group Inc. RI raised its holdings in Dell Technologies by 1.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 6,780 shares of the technology company’s stock worth $935,000 after purchasing an additional 114 shares during the period. Finally, M3 Advisory Group LLC raised its holdings in Dell Technologies by 3.4% in the 2nd quarter. M3 Advisory Group LLC now owns 3,557 shares of the technology company’s stock worth $491,000 after purchasing an additional 117 shares during the period. 38.10% of the stock is owned by institutional investors.

Dell Technologies Trading Down 0.2 %

Shares of NYSE:DELL opened at $117.50 on Friday. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70. The company has a 50-day moving average price of $111.30 and a 200 day moving average price of $124.31. The company has a market cap of $83.34 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter last year, the firm earned $1.44 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.9 EPS for the current year.

Dell Technologies Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on DELL shares. Wells Fargo & Company decreased their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Raymond James decreased their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Morgan Stanley cut their price target on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Loop Capital increased their price target on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, Barclays increased their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Three 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, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $139.19.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40. Following the completion of the sale, the director now owns 731,612 shares of the company’s stock, valued at $107,400,641.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40. Following the completion of the sale, the director now owns 731,612 shares of the company’s stock, valued at $107,400,641.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 1,546,550 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $116.30, for a total transaction of $179,863,765.00. Following the completion of the sale, the chief executive officer now directly owns 11,912,241 shares of the company’s stock, valued at approximately $1,385,393,628.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,297,857 shares of company stock valued at $840,653,193. Insiders own 46.70% of the company’s stock.

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).