XTX Topco Ltd Sells 3,325 Shares of Dell Technologies Inc. (NYSE:DELL)

XTX Topco Ltd lessened its holdings in Dell Technologies Inc. (NYSE:DELL) by 38.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,283 shares of the technology company’s stock after selling 3,325 shares during the period. XTX Topco Ltd’s holdings in Dell Technologies were worth $729,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC increased its holdings in shares of 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 buying an additional 80 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after acquiring an additional 82 shares during the last quarter. J.P. Marvel Investment Advisors LLC raised its position in Dell Technologies by 0.9% during the first quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock valued at $1,242,000 after purchasing an additional 98 shares during the period. Citizens Financial Group Inc. RI lifted its stake in shares of Dell Technologies by 1.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 6,780 shares of the technology company’s stock valued at $935,000 after purchasing an additional 114 shares during the last quarter. Finally, M3 Advisory Group LLC boosted its holdings in shares of Dell Technologies by 3.4% in the 2nd quarter. M3 Advisory Group LLC now owns 3,557 shares of the technology company’s stock worth $491,000 after purchasing an additional 117 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. TD Cowen decreased their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Citigroup raised their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Raymond James cut their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Evercore ISI reissued an “outperform” rating and issued a $140.00 price objective on shares of Dell Technologies in a research note on Wednesday, August 28th. Finally, UBS Group cut their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $139.19.

Dell Technologies Price Performance

DELL stock opened at $117.50 on Monday. 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 moving average price of $111.30 and a 200 day moving average price of $124.35. The company has a market capitalization of $83.34 billion, a P/E ratio of 23.98, a PEG ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 EPS. On average, analysts anticipate that Dell Technologies Inc. will post 6.9 earnings per share 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%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CMO Jane Tunnell sold 3,624 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total transaction of $529,031.52. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through this link. In related 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 stock was sold at an average price of $144.68, for a total transaction of $144,680,000.00. Following the transaction, the director now directly owns 770,369 shares of the company’s stock, valued at approximately $111,456,986.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Jane Tunnell sold 3,624 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was 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 directly owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The disclosure for this sale can be found here. Insiders have sold a total of 7,297,857 shares of company stock valued at $840,653,193 over the last quarter. 46.70% of the stock is owned by corporate insiders.

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).