Dell Technologies Inc. (NYSE:DELL) Shares Sold by Disciplined Equity Management Inc.

Disciplined Equity Management Inc. cut its stake in Dell Technologies Inc. (NYSE:DELL) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,970 shares of the technology company’s stock after selling 540 shares during the quarter. Disciplined Equity Management Inc.’s holdings in Dell Technologies were worth $826,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA raised its position in Dell Technologies by 6.8% in the third quarter. Compagnie Lombard Odier SCmA now owns 2,350 shares of the technology company’s stock valued at $279,000 after purchasing an additional 150 shares during the period. Ameliora Wealth Management Ltd. lifted its stake in shares of Dell Technologies by 5.0% in the third quarter. Ameliora Wealth Management Ltd. now owns 2,100 shares of the technology company’s stock worth $249,000 after acquiring an additional 100 shares in the last quarter. CHICAGO TRUST Co NA lifted its stake in shares of Dell Technologies by 5.1% in the third quarter. CHICAGO TRUST Co NA now owns 3,683 shares of the technology company’s stock worth $437,000 after acquiring an additional 180 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Dell Technologies by 1,290.7% in the third quarter. Exchange Traded Concepts LLC now owns 5,076 shares of the technology company’s stock worth $602,000 after acquiring an additional 4,711 shares in the last quarter. Finally, Carnegie Investment Counsel lifted its stake in shares of Dell Technologies by 1,556.2% in the third quarter. Carnegie Investment Counsel now owns 57,753 shares of the technology company’s stock worth $6,846,000 after acquiring an additional 54,266 shares in the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DELL has been the topic of several recent analyst reports. Barclays boosted their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. TD Cowen cut their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft assumed coverage on Dell Technologies in a research note on Friday, September 27th. They set a “buy” rating and a $144.00 price objective on the stock. Finally, Wells Fargo & Company cut 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. 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 25,381 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the completion of the transaction, the director now directly owns 787,669 shares of the company’s stock, valued at approximately $105,878,466.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Lake Group L.L.C. Silver sold 25,381 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the completion of the sale, the director now owns 787,669 shares in the company, valued at approximately $105,878,466.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the sale, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,978,043 shares of company stock valued at $2,116,671,062. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Price Performance

Shares of DELL stock opened at $127.73 on Monday. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70. The firm has a market capitalization of $90.60 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. The business has a 50 day simple moving average of $111.52 and a 200 day simple moving average of $125.18.

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

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 36.33%.

About Dell Technologies

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).