Dell Technologies Inc. (NYSE:DELL) Shares Sold by Nwam LLC

Nwam LLC lessened its holdings in Dell Technologies Inc. (NYSE:DELL) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,829 shares of the technology company’s stock after selling 1,150 shares during the period. Nwam LLC’s holdings in Dell Technologies were worth $5,788,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies in the second quarter valued at $28,000. Clean Yield Group acquired a new position in shares of Dell Technologies during the 3rd quarter valued at about $25,000. Nemes Rush Group LLC purchased a new stake in Dell Technologies in the second quarter valued at approximately $33,000. Crewe Advisors LLC acquired a new position in Dell Technologies during the second quarter worth approximately $34,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies in the 1st quarter valued at $30,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the firm’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 owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,954,112 shares of company stock valued at $2,113,449,139. Company insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of research analyst reports. Bank of America lifted their target price on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Raymond James dropped their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Evercore ISI reiterated an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday. UBS Group cut their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, Citigroup increased their price target on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a 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’s stock. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $146.50.

Dell Technologies Trading Up 2.1 %

Shares of NYSE:DELL opened at $141.79 on Friday. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70. The firm has a market cap of $99.59 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 1.43 and a beta of 0.89. The company has a fifty day simple moving average of $125.25 and a 200 day simple moving average of $126.76.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion for 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 revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.44 EPS. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.26%. Dell Technologies’s payout ratio is 32.72%.

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).