Bleakley Financial Group LLC Sells 575 Shares of Dell Technologies Inc. (NYSE:DELL)

Bleakley Financial Group LLC trimmed its holdings in Dell Technologies Inc. (NYSE:DELL) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,575 shares of the technology company’s stock after selling 575 shares during the quarter. Bleakley Financial Group LLC’s holdings in Dell Technologies were worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC boosted its position in shares of Dell Technologies by 10.0% in the third quarter. Global Retirement Partners LLC now owns 5,680 shares of the technology company’s stock worth $673,000 after purchasing an additional 515 shares during the period. Good Life Advisors LLC purchased a new stake in Dell Technologies during the third quarter valued at $206,000. Quad Cities Investment Group LLC raised its stake in Dell Technologies by 22.3% during the third quarter. Quad Cities Investment Group LLC now owns 5,351 shares of the technology company’s stock valued at $634,000 after purchasing an additional 976 shares in the last quarter. Rheos Capital Works Inc. purchased a new stake in Dell Technologies during the third quarter valued at $23,708,000. Finally, Seven Grand Managers LLC purchased a new stake in Dell Technologies during the third quarter valued at $23,708,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. 46.70% of the stock is currently owned by insiders.

Dell Technologies Price Performance

Dell Technologies stock opened at $126.46 on Monday. The stock’s 50 day moving average price is $114.96 and its 200 day moving average price is $125.48. The company has a market cap of $89.70 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 earnings per share. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced 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 of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.41%. Dell Technologies’s payout ratio is currently 36.33%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DELL shares. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Wells Fargo & Company dropped their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Susquehanna assumed coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Barclays increased their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Dell Technologies in a research report on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $143.50.

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).