Plato Investment Management Ltd Sells 3,465 Shares of Dell Technologies Inc. (NYSE:DELL)

Plato Investment Management Ltd lowered its position in shares of Dell Technologies Inc. (NYSE:DELL) by 20.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,704 shares of the technology company’s stock after selling 3,465 shares during the period. Plato Investment Management Ltd’s holdings in Dell Technologies were worth $1,623,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors purchased a new position in shares of Dell Technologies in the first quarter worth about $835,946,000. International Assets Investment Management LLC increased its holdings in shares of Dell Technologies by 19,376.1% in the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after buying an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Dell Technologies by 83.4% in the first 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. Bahl & Gaynor Inc. increased its holdings in shares of Dell Technologies by 159.8% in the first quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock worth $154,396,000 after buying an additional 832,144 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Dell Technologies by 103.1% in the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after buying an additional 575,166 shares during the period. Institutional investors own 38.10% of the company’s stock.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock worth $2,113,353,236 in the last ninety days. Insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Citigroup boosted 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. Morgan Stanley upped their price target on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday. TD Cowen lowered their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Susquehanna assumed coverage on Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Finally, Barclays upped their price target on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $144.63.

Dell Technologies Trading Down 0.1 %

Shares of DELL opened at $134.43 on Friday. The business’s fifty day simple moving average is $121.89 and its two-hundred day simple moving average is $126.31. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70. The company has a market cap of $94.42 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 1.44 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 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same period last year, the business posted $1.44 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. As a group, research analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The company 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 was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.32%. Dell Technologies’s dividend payout ratio (DPR) is currently 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).