Dell Technologies Inc. (NYSE:DELL) Shares Sold by Rakuten Securities Inc.

Rakuten Securities Inc. reduced its position in Dell Technologies Inc. (NYSE:DELL) by 14.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,255 shares of the technology company’s stock after selling 880 shares during the quarter. Rakuten Securities Inc.’s holdings in Dell Technologies were worth $623,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DELL. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Dell Technologies by 22.7% in the 1st 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 during the period. LRI Investments LLC acquired a new position in shares of Dell Technologies during the first quarter worth about $104,000. National Pension Service grew its position in shares of Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after buying an additional 50,304 shares in the last quarter. Woodmont Investment Counsel LLC acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at $5,780,000. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Dell Technologies by 31.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock worth $740,000 after purchasing an additional 1,539 shares during the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $138.55 on Tuesday. The company has a 50-day simple moving average of $120.86 and a 200-day simple moving average of $126.17. Dell Technologies Inc. has a one year low of $67.51 and a one year high of $179.70. The stock has a market capitalization of $97.32 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.41 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating 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 business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same period in the prior year, the company earned $1.44 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. As a group, research analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.28%. Dell Technologies’s payout ratio is 32.72%.

Insider Activity

In other news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction dated 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 directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction dated 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 directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. Insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

DELL has been the subject of several recent analyst reports. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. TD Cowen decreased their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 price objective for the company. Finally, Bank of America lifted their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.63.

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).