Dell Technologies Inc. (NYSE:DELL) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 48.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,233 shares of the technology company’s stock after selling 21,578 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Dell Technologies were worth $2,754,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of DELL. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Dell Technologies by 22.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after buying an additional 25,117 shares in the last quarter. LRI Investments LLC bought a new position in Dell Technologies in the 1st quarter worth approximately $104,000. Oppenheimer Asset Management Inc. grew its holdings in Dell Technologies by 31.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock worth $740,000 after buying an additional 1,539 shares in the last quarter. Tidal Investments LLC grew its holdings in Dell Technologies by 114.2% in the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after buying an additional 5,432 shares in the last quarter. Finally, Chicago Capital LLC lifted its position in Dell Technologies by 3.7% in the third quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock worth $14,399,000 after purchasing an additional 4,385 shares during the period. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Trading Up 3.5 %

Shares of DELL stock traded up $4.20 on Friday, hitting $124.77. The stock had a trading volume of 1,139,541 shares, compared to its average volume of 10,261,786. The firm has a market cap of $88.50 billion, a P/E ratio of 24.60, a PEG ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70. The company has a fifty day moving average price of $116.30 and a two-hundred day moving average price of $125.34.

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 net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the prior year, the business posted $1.44 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.43%. Dell Technologies’s payout ratio is presently 36.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Morgan Stanley cut their target price on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Sanford C. Bernstein reduced their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Evercore ISI reissued an “outperform” rating and set a $140.00 price objective on shares of Dell Technologies in a research note on Wednesday, August 28th. Finally, Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the sale, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock worth $2,113,353,236 in the last quarter. Corporate 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).