Steward Partners Investment Advisory LLC cut its position in shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) by 20.2% during the 1st quarter, Holdings Channel reports. The firm owned 8,230 shares of the technology company's stock after selling 2,081 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Dell Technologies were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. Allegheny Financial Group LTD acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $25,000. Benjamin Edwards Inc. acquired a new stake in Dell Technologies during the fourth quarter worth approximately $26,000. Covestor Ltd bought a new stake in Dell Technologies in the 4th quarter valued at $31,000. Avondale Wealth Management acquired a new stake in shares of Dell Technologies during the first quarter worth $31,000. Finally, Capital Analysts LLC grew its stake in shares of Dell Technologies by 353.1% in the fourth quarter. Capital Analysts LLC now owns 648 shares of the technology company's stock valued at $36,000 after acquiring an additional 505 shares in the last quarter. Institutional investors and hedge funds own 30.05% of the company's stock.
Get Dell Technologies alerts:Insider Transactions at Dell Technologies
In other Dell Technologies news, CAO Brunilda Rios sold 5,969 shares of the stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $50.95, for a total transaction of $304,120.55. Following the completion of the sale, the chief accounting officer now owns 18,985 shares of the company's stock, valued at approximately $967,285.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 47.30% of the stock is owned by corporate insiders.
Dell Technologies Stock Performance
NYSE:DELL opened at $44.50 on Friday. The stock's 50-day moving average is $46.05 and its 200-day moving average is $50.15. The stock has a market cap of $32.91 billion, a P/E ratio of 6.10, a price-to-earnings-growth ratio of 0.60 and a beta of 0.89. Dell Technologies Inc. has a 1-year low of $38.33 and a 1-year high of $61.54. The company has a current ratio of 0.78, a quick ratio of 0.66 and a debt-to-equity ratio of 2.23.
Dell Technologies (NYSE:DELL – Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.52. Dell Technologies had a net margin of 5.29% and a return on equity of 126.94%. The firm had revenue of $26.12 billion during the quarter, compared to analysts' expectations of $25.23 billion. During the same period in the prior year, the company posted $2.13 EPS. The company's revenue was up 15.6% on a year-over-year basis. Equities research analysts anticipate that Dell Technologies Inc. will post 5.99 earnings per share for the current year.
Dell Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Wednesday, July 20th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, July 19th. This represents a $1.32 annualized dividend and a dividend yield of 2.97%. Dell Technologies's payout ratio is 18.11%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. KGI Securities began coverage on Dell Technologies in a research note on Tuesday, April 19th. They issued a "neutral" rating for the company. The Goldman Sachs Group downgraded shares of Dell Technologies from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $68.00 to $61.00 in a research note on Friday, April 1st. JPMorgan Chase & Co. dropped their target price on shares of Dell Technologies from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, July 14th. Morgan Stanley decreased their price objective on shares of Dell Technologies from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Friday, May 27th. Finally, Bank of America raised their target price on Dell Technologies from $65.00 to $67.00 and gave the company a "buy" rating in a report on Friday, May 27th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $71.15.
Dell Technologies Company Profile
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Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.
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