ASB Consultores LLC Has $262,000 Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

ASB Consultores LLC lowered its position in shares of Dell Technologies Inc. (NYSE:DELL) by 47.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,900 shares of the technology company’s stock after selling 1,745 shares during the quarter. ASB Consultores LLC’s holdings in Dell Technologies were worth $262,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DELL. Jones Financial Companies Lllp bought a new position in Dell Technologies during the 4th quarter worth $25,000. Massmutual Trust Co. FSB ADV raised its stake in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares in the last quarter. Accordant Advisory Group Inc acquired a new stake in Dell Technologies during the second quarter worth about $28,000. New Covenant Trust Company N.A. bought a new position in Dell Technologies in the 1st quarter valued at about $30,000. Finally, Central Bank & Trust Co. acquired a new position in shares of Dell Technologies in the 1st quarter valued at approximately $34,000. Institutional investors own 38.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DELL shares. Morgan Stanley decreased their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Barclays boosted their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Wells Fargo & Company reduced their price objective on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. TD Cowen dropped their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, Susquehanna started coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.19.

Dell Technologies Stock Down 0.2 %

Shares of NYSE:DELL opened at $117.52 on Friday. The firm has a market cap of $83.36 billion, a P/E ratio of 23.98, a P/E/G ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70. The business has a fifty day simple moving average of $111.30 and a 200 day simple moving average of $124.26.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same period in the previous year, the firm earned $1.44 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current year.

Dell Technologies Dividend Announcement

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 issued a $0.445 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.51%. Dell Technologies’s payout ratio is 36.33%.

Insiders Place Their Bets

In related news, CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the sale, the chief marketing officer now owns 89,294 shares in the company, valued at approximately $13,035,138.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $144.68, for a total transaction of $144,680,000.00. Following the transaction, the director now owns 770,369 shares in the company, valued at $111,456,986.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Jane Tunnell sold 3,624 shares of the firm’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 sale, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at $13,035,138.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,297,857 shares of company stock worth $840,653,193. Company insiders own 46.70% of the company’s stock.

Dell Technologies 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).