OVERSEA CHINESE BANKING Corp Ltd Decreases Stock Position in Dell Technologies Inc. (NYSE:DELL)

OVERSEA CHINESE BANKING Corp Ltd lessened its position in Dell Technologies Inc. (NYSE:DELL) by 18.2% during the third quarter, Holdings Channel.com reports. The fund owned 48,192 shares of the technology company’s stock after selling 10,687 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Dell Technologies were worth $5,740,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors bought a new stake in shares of Dell Technologies during the 1st quarter valued at about $835,946,000. International Assets Investment Management LLC increased its stake in shares of Dell Technologies by 19,376.1% during the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after purchasing an additional 2,415,234 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Dell Technologies by 83.4% in 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 last quarter. Bahl & Gaynor Inc. increased its position in Dell Technologies by 159.8% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock valued at $154,396,000 after buying an additional 832,144 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Dell Technologies by 103.1% in 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 purchasing an additional 575,166 shares during the last quarter. 38.10% of the stock is owned by institutional investors.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $138.55 on Tuesday. The company has a fifty day moving average of $120.40 and a 200 day moving average of $126.07. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The company has a market capitalization of $97.32 billion, a P/E ratio of 25.47, a P/E/G ratio of 1.41 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, topping 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 firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. Analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 1,602,535 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $107.42, for a total value of $172,144,309.70. Following the completion of the sale, the chief executive officer now owns 15,412,241 shares of the company’s stock, valued at $1,655,582,928.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the sale, the chief executive officer now owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,953,387 shares of company stock worth $2,113,353,236. Insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Susquehanna assumed coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. TD Cowen lowered their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Bank of America lifted their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Raymond James cut their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.63.

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).