Dell Technologies Inc. (NYSE:DELL) Shares Sold by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. decreased its stake in Dell Technologies Inc. (NYSE:DELL) by 11.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,382 shares of the technology company’s stock after selling 300 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Dell Technologies were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DELL. Private Advisor Group LLC increased its position in Dell Technologies by 61.8% in the 1st quarter. Private Advisor Group LLC now owns 22,770 shares of the technology company’s stock valued at $2,598,000 after acquiring an additional 8,696 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Dell Technologies by 44.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,280 shares of the technology company’s stock valued at $13,383,000 after buying an additional 35,900 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Dell Technologies by 18.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 58,867 shares of the technology company’s stock worth $6,717,000 after purchasing an additional 8,974 shares during the last quarter. Graypoint LLC bought a new position in Dell Technologies during the first quarter worth $238,000. Finally, Whittier Trust Co. lifted its stake in Dell Technologies by 26.8% during the 1st quarter. Whittier Trust Co. now owns 7,710 shares of the technology company’s stock valued at $880,000 after acquiring an additional 1,630 shares in the last quarter. 38.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,953,387 shares of company stock worth $2,113,353,236. 46.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on DELL. Bank of America increased their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. TD Cowen dropped 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. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of Dell Technologies in a report on Friday, September 27th. They set a “buy” rating and a $144.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their target price 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. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Dell Technologies Price Performance

NYSE:DELL opened at $129.85 on Tuesday. The business’s fifty day moving average price is $118.52 and its 200 day moving average price is $125.56. The firm has a market capitalization of $91.20 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 1.30 and a beta of 0.89. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $1.44 earnings per share. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.37%. Dell Technologies’s dividend payout ratio (DPR) is 32.72%.

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).