TD Asset Management Inc Reduces Holdings in Dell Technologies Inc. (NYSE:DELL)

TD Asset Management Inc reduced its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 9.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,469 shares of the technology company’s stock after selling 14,430 shares during the quarter. TD Asset Management Inc’s holdings in Dell Technologies were worth $7,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in DELL. Brown Brothers Harriman & Co. purchased a new position in Dell Technologies during the 1st quarter valued at about $27,000. BDO Wealth Advisors LLC purchased a new stake in shares of Dell Technologies during the first quarter worth about $28,000. Compass Wealth Management LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth about $28,000. Tower Research Capital LLC TRC grew its holdings in shares of Dell Technologies by 263.8% during the first quarter. Tower Research Capital LLC TRC now owns 713 shares of the technology company’s stock worth $29,000 after buying an additional 517 shares in the last quarter. Finally, ZRC Wealth Management LLC purchased a new stake in shares of Dell Technologies during the first quarter worth about $40,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In other news, General Counsel Richard J. Rothberg sold 30,009 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $2,040,612.00. Following the transaction, the general counsel now directly owns 99,899 shares of the company’s stock, valued at $6,793,132. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 48.60% of the company’s stock.

Dell Technologies Stock Down 0.3 %

Shares of DELL stock opened at $73.37 on Tuesday. The stock has a market cap of $53.08 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 1.13 and a beta of 0.95. Dell Technologies Inc. has a fifty-two week low of $35.96 and a fifty-two week high of $74.46. The firm’s 50 day moving average price is $69.13 and its two-hundred day moving average price is $58.65.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 31st. The technology company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.56. Dell Technologies had a net margin of 2.03% and a negative return on equity of 149.91%. The firm had revenue of $22.93 billion for the quarter, compared to analysts’ expectations of $20.78 billion. On average, equities analysts forecast that Dell Technologies Inc. will post 5.36 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 3rd. Stockholders of record on Tuesday, October 24th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, October 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.02%. Dell Technologies’s payout ratio is currently 57.14%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup lifted their price target on shares of Dell Technologies from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, September 22nd. Bank of America lifted their price target on shares of Dell Technologies from $70.00 to $76.00 in a report on Friday, October 6th. Barclays cut shares of Dell Technologies from an “equal weight” rating to an “underweight” rating and set a $53.00 target price on the stock. in a research report on Thursday, September 7th. Daiwa Capital Markets raised shares of Dell Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 18th. Finally, Evercore ISI raised their target price on shares of Dell Technologies from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.00.

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).