Dell Technologies Inc. (NYSE:DELL) Stock Holdings Cut by IPG Investment Advisors LLC

Key Points

• IPG Investment Advisors LLC cut its stake in Dell Technologies by 45.4% in the first quarter, reducing their holdings to 10,000 shares worth approximately $912,000.
• Dell's CEO Michael S. Dell sold 10 million shares at around $122.27 per share, a 27.85% decrease in his overall ownership, valued at over $1.22 billion.
• The company reported a quarterly earnings miss with an EPS of $1.55, falling short of the consensus estimate of $1.68, but its revenue of $23.38 billion beat expectations.

IPG Investment Advisors LLC cut its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 45.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the technology company's stock after selling 8,300 shares during the period. IPG Investment Advisors LLC's holdings in Dell Technologies were worth $912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DELL. Element Pointe Advisors LLC boosted its position in shares of Dell Technologies by 19.6% in the first quarter. Element Pointe Advisors LLC now owns 9,232 shares of the technology company's stock worth $841,000 after buying an additional 1,513 shares during the period. ING Groep NV raised its holdings in Dell Technologies by 53.0% during the first quarter. ING Groep NV now owns 60,034 shares of the technology company's stock valued at $5,472,000 after buying an additional 20,803 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Dell Technologies by 15.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 172,761 shares of the technology company's stock worth $15,747,000 after purchasing an additional 22,652 shares during the last quarter. Argent Trust Co lifted its stake in shares of Dell Technologies by 37.7% in the first quarter. Argent Trust Co now owns 10,848 shares of the technology company's stock worth $989,000 after buying an additional 2,970 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its holdings in Dell Technologies by 25.0% during the first quarter. Manchester Capital Management LLC now owns 4,973 shares of the technology company's stock valued at $453,000 after acquiring an additional 996 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Insiders Place Their Bets

In other news, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the transaction, the chief executive officer directly owned 25,912,241 shares in the company, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total value of $78,875,000.00. Following the transaction, the director owned 960,050 shares of the company's stock, valued at $121,158,310. This represents a 39.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,947,063 shares of company stock valued at $1,577,559,812 in the last ninety days. 42.00% of the stock is currently owned by insiders.

Dell Technologies Stock Down 4.1%

Shares of DELL stock opened at $127.29 on Monday. The firm has a fifty day moving average of $121.11 and a 200-day moving average of $106.85. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66. The company has a market capitalization of $86.41 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 1.03 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 EPS. On average, equities analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. Dell Technologies's dividend payout ratio (DPR) is currently 33.49%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group reduced their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. KeyCorp assumed coverage on Dell Technologies in a research report on Thursday, June 26th. They issued a "sector weight" rating for the company. Morgan Stanley upped their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Finally, Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and an average target price of $140.06.

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).

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