Symmetry Investments LP Trims Stake in Dell Technologies Inc. (NYSE:DELL)

Symmetry Investments LP reduced its position in shares of Dell Technologies Inc. (NYSE:DELL) by 72.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,500 shares of the technology company’s stock after selling 9,400 shares during the quarter. Symmetry Investments LP’s holdings in Dell Technologies were worth $483,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Dell Technologies by 22.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after acquiring an additional 25,117 shares during the period. LRI Investments LLC purchased a new position in shares of Dell Technologies in the 1st quarter valued at $104,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Dell Technologies by 31.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock valued at $740,000 after acquiring an additional 1,539 shares during the period. Aigen Investment Management LP purchased a new position in shares of Dell Technologies in the 4th quarter valued at $410,000. Finally, Tidal Investments LLC increased its holdings in shares of Dell Technologies by 114.2% in the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after acquiring an additional 5,432 shares during the period. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of Dell Technologies stock in a transaction on Monday, July 8th. The shares were sold at an average price of $144.68, for a total value of $144,680,000.00. Following the sale, the director now owns 770,369 shares of the company’s stock, valued at approximately $111,456,986.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of Dell Technologies stock in a transaction on Monday, July 8th. The shares were sold at an average price of $144.68, for a total value of $144,680,000.00. Following the sale, the director now owns 770,369 shares of the company’s stock, valued at approximately $111,456,986.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael S. Dell sold 1,546,550 shares of Dell Technologies stock in a transaction on 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 sale, the chief executive officer now directly owns 11,912,241 shares in the company, valued at approximately $1,385,393,628.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,297,857 shares of company stock valued at $840,653,193. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Down 0.2 %

Shares of DELL stock opened at $117.50 on Friday. The stock has a market cap of $83.34 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The business has a 50-day simple moving average of $111.30 and a 200-day simple moving average of $124.31. Dell Technologies Inc. has a 52-week low of $63.90 and a 52-week high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on DELL shares. Raymond James lowered their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Bank of America raised their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Loop Capital raised their price objective on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Sanford C. Bernstein lowered their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Finally, Morgan Stanley lowered their price objective on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $139.19.

About Dell Technologies

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).