AE Wealth Management LLC Reduces Holdings in Dell Technologies Inc. (NYSE:DELL)

AE Wealth Management LLC decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 14.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,262 shares of the technology company’s stock after selling 5,442 shares during the quarter. AE Wealth Management LLC’s holdings in Dell Technologies were worth $4,311,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DELL. Jones Financial Companies Lllp bought a new stake in Dell Technologies during the 4th quarter valued at $25,000. Massmutual Trust Co. FSB ADV grew its position in shares of 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 purchased a new stake in Dell Technologies during the 2nd quarter worth about $28,000. New Covenant Trust Company N.A. purchased a new position in Dell Technologies during the 1st quarter valued at about $30,000. Finally, Central Bank & Trust Co. bought a new stake in shares of Dell Technologies during the first quarter valued at about $34,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, 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 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the 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 completion of the sale, the director now directly owns 770,369 shares in the company, valued at $111,456,986.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the chief marketing officer now owns 89,294 shares in the company, valued at approximately $13,035,138.12. The disclosure for this sale can be found here. Insiders sold 7,297,857 shares of company stock worth $840,653,193 in the last three months. 46.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DELL shares. Citigroup boosted their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Barclays boosted 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. Morgan Stanley lowered their price objective on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Mizuho assumed coverage on Dell Technologies in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price on the stock. Finally, UBS Group dropped their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.19.

Dell Technologies Stock Down 0.2 %

Dell Technologies stock opened at $117.50 on Monday. The firm has a fifty day simple moving average of $111.30 and a two-hundred day simple moving average of $124.35. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70. The company has a market capitalization of $83.34 billion, a PE ratio of 23.98, a P/E/G ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued 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 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 prior year, the business posted $1.44 EPS. As a group, equities analysts expect that Dell Technologies Inc. will post 6.9 earnings per share 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 paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s payout ratio is 36.33%.

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).