Nomura Asset Management Co. Ltd. Sells 67,179 Shares of Dell Technologies Inc. (NYSE:DELL)

Nomura Asset Management Co. Ltd. lowered its position in Dell Technologies Inc. (NYSE:DELL) by 44.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 83,209 shares of the technology company’s stock after selling 67,179 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Dell Technologies were worth $9,864,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DELL. MML Investors Services LLC increased its holdings in shares of Dell Technologies by 72.2% in the third quarter. MML Investors Services LLC now owns 33,518 shares of the technology company’s stock worth $3,973,000 after purchasing an additional 14,053 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Dell Technologies by 24.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,319 shares of the technology company’s stock worth $275,000 after acquiring an additional 449 shares in the last quarter. XTX Topco Ltd boosted its position in shares of Dell Technologies by 67.5% during the 3rd quarter. XTX Topco Ltd now owns 8,851 shares of the technology company’s stock valued at $1,049,000 after acquiring an additional 3,568 shares during the last quarter. Zurich Insurance Group Ltd FI increased its position in Dell Technologies by 497.0% in the third quarter. Zurich Insurance Group Ltd FI now owns 445,302 shares of the technology company’s stock worth $52,786,000 after purchasing an additional 370,716 shares during the last quarter. Finally, Glen Eagle Advisors LLC raised its stake in Dell Technologies by 56.7% during the third quarter. Glen Eagle Advisors LLC now owns 1,377 shares of the technology company’s stock valued at $163,000 after purchasing an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Activity

In related news, CEO Michael S. Dell sold 1,032,968 shares of Dell Technologies stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $113.67, for a total value of $117,417,472.56. Following the completion of the transaction, the chief executive officer now owns 13,094,517 shares in the company, valued at approximately $1,488,453,747.39. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the transaction, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,409,903 shares of company stock valued at $1,737,563,234. 46.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DELL. Wells Fargo & Company upped their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Raymond James decreased their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Melius Research boosted their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. 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 report on Thursday, August 15th. Finally, Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $148.06.

Dell Technologies Stock Up 1.6 %

Shares of NYSE DELL opened at $118.70 on Thursday. Dell Technologies Inc. has a 52-week low of $68.94 and a 52-week high of $179.70. The company’s 50-day simple moving average is $128.08 and its 200-day simple moving average is $125.41. The firm has a market cap of $83.37 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.62 EPS. Equities research analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.50%. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

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).