Dimensional Fund Advisors LP Lowers Stake in Dell Technologies Inc. (NYSE:DELL)

Dimensional Fund Advisors LP lessened its holdings in Dell Technologies Inc. (NYSE:DELL) by 1.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 753,285 shares of the technology company’s stock after selling 10,991 shares during the quarter. Dimensional Fund Advisors LP owned about 0.11% of Dell Technologies worth $103,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GPS Wealth Strategies Group LLC boosted its stake in Dell Technologies by 1.4% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after purchasing an additional 80 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position 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 stake in Dell Technologies by 0.9% during the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock valued at $1,242,000 after buying an additional 98 shares during the last quarter. M3 Advisory Group LLC lifted its holdings in shares of Dell Technologies by 3.4% during the 2nd quarter. M3 Advisory Group LLC now owns 3,557 shares of the technology company’s stock valued at $491,000 after buying an additional 117 shares during the period. Finally, Gulf International Bank UK Ltd boosted its stake in shares of Dell Technologies by 0.6% in the 2nd quarter. Gulf International Bank UK Ltd now owns 21,297 shares of the technology company’s stock worth $2,937,000 after buying an additional 118 shares during the last quarter. Institutional investors own 38.10% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In other news, CEO Michael S. Dell sold 1,166,595 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $117.42, for a total transaction of $136,981,584.90. Following the sale, the chief executive officer now directly owns 26,912,241 shares of the company’s stock, valued at approximately $3,160,035,338.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dell Technologies 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 transaction 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 $2,060,873,016.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Dell sold 1,166,595 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $117.42, for a total value of $136,981,584.90. Following the sale, the chief executive officer now owns 26,912,241 shares in the company, valued at $3,160,035,338.22. The disclosure for this sale can be found here. Insiders sold 9,007,047 shares of company stock worth $1,041,595,745 in the last quarter. 46.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DELL. Wells Fargo & Company lowered 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. Loop Capital raised their price objective on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Morgan Stanley reduced their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Barclays lifted their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Finally, Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $139.19.

Dell Technologies Price Performance

DELL stock opened at $117.30 on Wednesday. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70. The business has a 50 day simple moving average of $110.57 and a two-hundred day simple moving average of $124.34. The company has a market capitalization of $83.20 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its 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 analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be given a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.52%. Dell Technologies’s dividend 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).