Kestra Private Wealth Services LLC Has $672,000 Holdings in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Kestra Private Wealth Services LLC reduced its stake in Dell Technologies by 42.5%, holding 7,371 shares valued at $672,000 after selling 5,452 shares.
• Dell Technologies reported $1.55 EPS, missing estimates by $0.13, with a revenue of $23.38 billion for the quarter, a 5.1% increase year-over-year.
• The company also announced a quarterly dividend of $0.525, indicating a 1.60% yield, with a payout ratio of 33.49%.

Kestra Private Wealth Services LLC reduced its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 42.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,371 shares of the technology company's stock after selling 5,452 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Dell Technologies were worth $672,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DELL. Norges Bank purchased a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $455,029,000. Michael & Susan Dell Foundation purchased a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $265,052,000. Janus Henderson Group PLC increased its position in shares of Dell Technologies by 160.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after purchasing an additional 1,865,013 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Dell Technologies by 224.4% in the 4th quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company's stock valued at $180,257,000 after purchasing an additional 1,082,087 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Dell Technologies by 362.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 807,576 shares of the technology company's stock valued at $93,065,000 after buying an additional 632,941 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of NYSE DELL traded up $2.19 during mid-day trading on Monday, reaching $133.41. The company had a trading volume of 2,070,976 shares, compared to its average volume of 7,396,325. The company has a market capitalization of $90.56 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.06 and a beta of 1.02. The stock has a fifty day moving average of $119.18 and a two-hundred day moving average of $106.10. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66.

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

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.57%. Dell Technologies's dividend payout ratio is currently 33.49%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DELL shares. JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. KeyCorp began coverage on shares of Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating for the company. UBS Group lowered their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, Barclays boosted their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.06.

Insider Activity

In related news, Director William D. Green sold 20,000 shares of Dell Technologies stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $130.00, for a total value of $2,600,000.00. Following the completion of the transaction, the director directly owned 45,045 shares of the company's stock, valued at $5,855,850. The trade was a 30.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. This represents a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,917,063 shares of company stock valued at $1,573,509,812. 42.00% of the stock is owned by insiders.

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).