OVERSEA CHINESE BANKING Corp Ltd Has $5.74 Million Position in Dell Technologies Inc. (NYSE:DELL)

OVERSEA CHINESE BANKING Corp Ltd reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 18.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,192 shares of the technology company’s stock after selling 10,687 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Dell Technologies were worth $5,740,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DELL. Apollon Wealth Management LLC grew its position in Dell Technologies by 38.5% in the third quarter. Apollon Wealth Management LLC now owns 6,923 shares of the technology company’s stock valued at $821,000 after acquiring an additional 1,923 shares during the last quarter. FDx Advisors Inc. boosted its holdings in shares of Dell Technologies by 41.9% during the 3rd quarter. FDx Advisors Inc. now owns 2,918 shares of the technology company’s stock valued at $346,000 after acquiring an additional 861 shares in the last quarter. Opinicus Capital Inc. bought a new stake in Dell Technologies during the 3rd quarter worth $611,000. Laffer Tengler Investments Inc. raised its position in Dell Technologies by 147.0% in the third quarter. Laffer Tengler Investments Inc. now owns 52,806 shares of the technology company’s stock valued at $6,260,000 after purchasing an additional 31,424 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Dell Technologies during the third quarter valued at about $383,000. Institutional investors own 38.10% of the company’s stock.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the sale, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,953,387 shares of company stock worth $2,113,353,236 over the last quarter. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $138.55 on Tuesday. The company has a market capitalization of $97.32 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89. Dell Technologies Inc. has a 1 year low of $67.51 and a 1 year high of $179.70. The business has a fifty day moving average price of $120.40 and a two-hundred day moving average price of $126.07.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.44 earnings per share. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Analyst Ratings Changes

Several research firms recently commented on DELL. Sanford C. Bernstein cut their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Barclays upped their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Wells Fargo & Company lowered their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Mizuho assumed coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price target for the company. Finally, Raymond James decreased their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $144.63.

Dell Technologies 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).