Mount Yale Investment Advisors LLC Sells 2,408 Shares of Dell Technologies Inc. (NYSE:DELL)

Mount Yale Investment Advisors LLC trimmed its holdings in Dell Technologies Inc. (NYSE:DELL) by 35.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,336 shares of the technology company’s stock after selling 2,408 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Dell Technologies were worth $598,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Dell Technologies by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after purchasing an additional 647,192 shares during the period. Capital World Investors purchased a new position in shares of Dell Technologies in the first quarter worth $835,946,000. Point72 Asset Management L.P. raised its holdings in Dell Technologies by 14.8% during the 4th quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock valued at $309,458,000 after buying an additional 520,677 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Dell Technologies by 449.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after acquiring an additional 3,038,891 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Dell Technologies by 2.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after acquiring an additional 51,804 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total value of $529,031.52. Following the completion of the transaction, the chief marketing officer now directly owns 89,294 shares in the company, valued at $13,035,138.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dell Technologies news, CMO Jane Tunnell sold 3,624 shares of Dell Technologies stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total value of $529,031.52. Following the transaction, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at $13,035,138.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $144.68, for a total value of $144,680,000.00. Following the completion of the sale, the director now directly owns 770,369 shares of the company’s stock, valued at approximately $111,456,986.92. The disclosure for this sale can be found here. Insiders have sold a total of 8,964,452 shares of company stock valued at $1,036,599,778 over the last quarter. 46.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DELL has been the topic of several recent analyst reports. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Morgan Stanley reduced 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. Raymond James cut their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Citigroup boosted their price target on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Susquehanna assumed coverage on Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $139.19.

Dell Technologies Price Performance

NYSE:DELL opened at $117.55 on Tuesday. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70. The company has a 50-day moving average of $110.91 and a 200 day moving average of $124.33. The firm has a market cap of $83.38 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $1.44 earnings per share. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.9 EPS 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. Stockholders of record on Tuesday, October 22nd will be given a $0.445 dividend. This represents a $1.78 annualized dividend 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%.

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).