Pacer Advisors Inc. Sells 9,781 Shares of Dell Technologies Inc. (NYSE:DELL)

Key Points

• Pacer Advisors Inc. has reduced its position in Dell Technologies by 27.6%, holding 25,672 shares after selling 9,781 shares during the first quarter.
• Several institutional investors have increased their stakes in Dell, with notable increases including 44.9% by Wealthcare Advisory Partners LLC and 113.3% by Mather Group LLC in the first quarter.
• Dell Technologies recently declared a quarterly dividend of $0.525 per share, with an annualized dividend yield of 1.57%.

Pacer Advisors Inc. lessened its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 27.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,672 shares of the technology company's stock after selling 9,781 shares during the period. Pacer Advisors Inc.'s holdings in Dell Technologies were worth $2,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital World Investors lifted its position in Dell Technologies by 0.6% during the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock worth $1,436,000,000 after acquiring an additional 72,271 shares during the last quarter. Geode Capital Management LLC lifted its position in Dell Technologies by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after acquiring an additional 552,213 shares during the last quarter. Northern Trust Corp lifted its position in Dell Technologies by 16.1% during the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock worth $382,281,000 after acquiring an additional 460,483 shares during the last quarter. Janus Henderson Group PLC lifted its position in Dell Technologies by 160.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after acquiring an additional 1,865,013 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Dell Technologies by 2.4% during the 4th quarter. Invesco Ltd. now owns 2,450,065 shares of the technology company's stock worth $282,346,000 after acquiring an additional 57,681 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Buying and Selling at Dell Technologies

In other news, Director William D. Green sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $135.00, for a total transaction of $4,050,000.00. Following the sale, the director directly owned 45,045 shares of the company's stock, valued at $6,081,075. This represents a 39.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Brunilda Rios sold 6,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.29, for a total transaction of $757,740.00. Following the sale, the chief accounting officer directly owned 18,948 shares in the company, valued at $2,392,942.92. This trade represents a 24.05% 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 over the last three months. Insiders own 42.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DELL. Raymond James Financial boosted their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. KeyCorp initiated coverage on shares of Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. TD Cowen boosted their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Finally, Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $140.06.

Dell Technologies Stock Performance

Dell Technologies stock traded down $0.83 during trading hours on Thursday, hitting $132.71. 3,858,859 shares of the stock were exchanged, compared to its average volume of 4,457,491. The stock has a market capitalization of $90.09 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.08 and a beta of 1.02. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The business's 50-day moving average is $120.81 and its two-hundred day moving average is $106.77.

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

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is 33.49%.

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).