Eagle Asset Management Inc. Sells 198,048 Shares of Dell Technologies Inc. (NYSE:DELL)

Eagle Asset Management Inc. lessened its holdings in Dell Technologies Inc. (NYSE:DELL) by 76.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,426 shares of the technology company’s stock after selling 198,048 shares during the period. Eagle Asset Management Inc.’s holdings in Dell Technologies were worth $7,400,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DELL. International Assets Investment Management LLC grew its position in Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after acquiring an additional 2,415,234 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Dell Technologies by 83.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after buying an additional 1,011,512 shares during the period. Bank of New York Mellon Corp grew its holdings in Dell Technologies by 103.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after acquiring an additional 575,166 shares during the last quarter. Ceredex Value Advisors LLC acquired a new position in Dell Technologies in the 3rd quarter valued at approximately $65,280,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Dell Technologies by 151.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 781,500 shares of the technology company’s stock valued at $89,178,000 after acquiring an additional 470,642 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Trading Up 3.8 %

NYSE:DELL opened at $144.21 on Monday. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70. The firm’s 50 day moving average is $125.84 and its 200 day moving average is $126.82. The stock has a market capitalization of $101.29 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 1.46 and a beta of 0.89.

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 the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion for 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 was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 earnings per share. Research analysts predict that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is presently 32.72%.

Wall Street Analyst Weigh In

DELL has been the subject of several analyst reports. Citigroup raised their target price on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Mizuho started coverage on Dell Technologies in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price objective on the stock. UBS Group decreased their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Sanford C. Bernstein dropped their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $146.50.

Insider Transactions at Dell Technologies

In related news, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the sale, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. This trade represents a 9.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were 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 approximately $8,593,017.27. This trade represents a 36.76 % decrease in their position. 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. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Company 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).