Dell Technologies Inc. (NYSE:DELL) Shares Sold by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC reduced its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 62.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,487 shares of the technology company's stock after selling 9,305 shares during the period. Independent Solutions Wealth Management LLC's holdings in Dell Technologies were worth $500,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in shares of Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after acquiring an additional 901 shares during the last quarter. Sigma Planning Corp grew its stake in Dell Technologies by 25.1% during the 4th quarter. Sigma Planning Corp now owns 9,823 shares of the technology company's stock valued at $1,132,000 after acquiring an additional 1,972 shares in the last quarter. Howard Capital Management Inc. grew its position in shares of Dell Technologies by 154.6% in the fourth quarter. Howard Capital Management Inc. now owns 4,313 shares of the technology company's stock valued at $497,000 after purchasing an additional 2,619 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Dell Technologies by 10.2% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,856 shares of the technology company's stock valued at $5,861,000 after buying an additional 4,700 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Dell Technologies by 31.9% in the fourth quarter. IFP Advisors Inc now owns 4,654 shares of the technology company's stock valued at $537,000 after purchasing an additional 1,125 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the sale, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. The trade was a 2.38% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,483,903 shares of company stock worth $169,074,875. 42.00% of the stock is owned by company insiders.

Dell Technologies Stock Performance

NYSE DELL traded up $5.65 on Thursday, reaching $126.11. The stock had a trading volume of 9,414,606 shares, compared to its average volume of 8,880,392. The stock has a market cap of $85.61 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. The business's 50-day moving average price is $105.90 and its 200 day moving average price is $105.09. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $150.23.

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

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.67%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is 33.49%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DELL. Wells Fargo & Company lowered their price target on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Barclays increased their price objective on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. Morgan Stanley increased their price target on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Finally, UBS Group reduced their target price on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

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).