Natixis Advisors L.P. Sells 69,768 Shares of Dell Technologies Inc. (NYSE:DELL)

Natixis Advisors L.P. reduced its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,933 shares of the technology company's stock after selling 69,768 shares during the period. Natixis Advisors L.P.'s holdings in Dell Technologies were worth $15,218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SG Americas Securities LLC raised its stake in Dell Technologies by 103.3% during the 3rd quarter. SG Americas Securities LLC now owns 3,099 shares of the technology company's stock valued at $214,000 after buying an additional 98,158 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Dell Technologies by 17.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 87,678 shares of the technology company's stock valued at $6,041,000 after purchasing an additional 12,944 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Dell Technologies by 330.1% in the 3rd quarter. Mackenzie Financial Corp now owns 57,816 shares of the technology company's stock worth $3,888,000 after purchasing an additional 44,375 shares during the period. Brighton Jones LLC purchased a new position in shares of Dell Technologies in the third quarter worth approximately $287,000. Finally, Castleview Partners LLC bought a new stake in Dell Technologies during the third quarter valued at approximately $39,000. 38.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the sale, the general counsel now directly owns 86,836 shares of the company's stock, valued at $11,544,846.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the transaction, the insider now owns 206,961 shares in the company, valued at $24,856,016.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the company's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the sale, the general counsel now owns 86,836 shares of the company's stock, valued at $11,544,846.20. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock worth $718,452,037 in the last 90 days. Insiders own 48.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group lifted their price objective on Dell Technologies from $113.00 to $141.00 and gave the company a "buy" rating in a research report on Friday, April 19th. JPMorgan Chase & Co. raised their price target on Dell Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Evercore ISI upped their price objective on Dell Technologies from $95.00 to $125.00 and gave the stock an "outperform" rating in a research note on Friday, March 1st. TD Cowen boosted their price target on Dell Technologies from $75.00 to $105.00 and gave the stock a "market perform" rating in a report on Friday, March 1st. Finally, Barclays increased their price objective on shares of Dell Technologies from $53.00 to $94.00 and gave the company an "underweight" rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $104.63.

Dell Technologies Price Performance

NYSE:DELL traded down $1.76 during trading hours on Tuesday, reaching $127.57. The company had a trading volume of 3,245,004 shares, compared to its average volume of 6,974,797. Dell Technologies Inc. has a 1-year low of $44.19 and a 1-year high of $136.16. The business's 50 day moving average price is $117.20 and its 200-day moving average price is $90.78. The firm has a market cap of $91.06 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.58 and a beta of 0.87.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The company had revenue of $22.32 billion during the quarter, compared to analysts' expectations of $22.17 billion. During the same quarter in the previous year, the company earned $1.55 earnings per share. The firm's revenue for the quarter was down 10.9% on a year-over-year basis. On average, analysts expect that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were given a $0.445 dividend. This is a positive change from Dell Technologies's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.40%. Dell Technologies's dividend payout ratio (DPR) is 40.73%.

Dell Technologies Company Profile

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).