Toronto Dominion Bank Trims Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Toronto Dominion Bank lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 31.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,206 shares of the technology company’s stock after selling 10,413 shares during the quarter. Toronto Dominion Bank’s holdings in Dell Technologies were worth $2,648,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC increased its stake in Dell Technologies by 30.5% during the fourth quarter. SG Americas Securities LLC now owns 4,044 shares of the technology company’s stock worth $309,000 after purchasing an additional 945 shares during the period. Mutual Advisors LLC purchased a new position in Dell Technologies in the 4th quarter valued at approximately $275,000. Raymond James & Associates grew its stake in shares of Dell Technologies by 27.2% in the fourth quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock worth $20,936,000 after acquiring an additional 58,590 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Dell Technologies by 1.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 57,514 shares of the technology company’s stock worth $4,400,000 after acquiring an additional 621 shares during the period. Finally, SeaCrest Wealth Management LLC purchased a new position in Dell Technologies in the fourth quarter valued at $245,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In related news, CEO Michael S. Dell sold 1,205,052 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the transaction, the chief executive officer now owns 26,725,566 shares of the company’s stock, valued at $3,526,705,689.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the completion of the transaction, the director now directly owns 731,612 shares in the company, valued at approximately $116,172,669.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 1,205,052 shares of Dell Technologies stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the transaction, the chief executive officer now owns 26,725,566 shares of the company’s stock, valued at approximately $3,526,705,689.36. The disclosure for this sale can be found here. In the last three months, insiders sold 7,058,131 shares of company stock valued at $963,293,619. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Trading Up 1.9 %

NYSE:DELL opened at $113.56 on Friday. Dell Technologies Inc. has a 12-month low of $52.05 and a 12-month high of $179.70. The stock’s 50 day simple moving average is $140.09 and its 200-day simple moving average is $118.44. The firm has a market cap of $80.55 billion, a P/E ratio of 23.18, a PEG ratio of 1.41 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. The company had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. Research analysts forecast that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DELL. Barclays lowered their price objective on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating for the company in a research report on Friday, May 31st. TD Cowen raised their price objective on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a report on Friday, May 31st. UBS Group boosted their target price on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. lifted their price target on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, Evercore ISI reissued an “outperform” rating and set a $165.00 target price on shares of Dell Technologies in a research report on Monday, July 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.81.

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).