Dell Technologies Inc. (NYSE:DELL) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC decreased its stake in Dell Technologies Inc. (NYSE:DELL) by 52.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,855 shares of the technology company’s stock after selling 6,434 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Dell Technologies were worth $694,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. GPS Wealth Strategies Group LLC grew its position in shares of Dell Technologies by 1.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock valued at $822,000 after purchasing an additional 80 shares during the period. Intrepid Financial Planning Group LLC lifted its stake in shares of Dell Technologies by 0.7% in the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after buying an additional 80 shares in the last quarter. Smithfield Trust Co lifted its stake in shares of Dell Technologies by 8.0% in the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after buying an additional 84 shares in the last quarter. Graypoint LLC raised its stake in Dell Technologies by 4.3% during the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after purchasing an additional 86 shares during the period. Finally, Affinity Wealth Management LLC raised its stake in Dell Technologies by 2.5% during the third quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock worth $422,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,954,112 shares of company stock worth $2,113,449,139 in the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Raymond James reduced their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. TD Cowen reduced their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Bank of America lifted their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company lifted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Barclays lifted their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $146.50.

Dell Technologies Stock Performance

Shares of DELL stock opened at $144.20 on Friday. The stock has a market capitalization of $101.28 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 1.46 and a beta of 0.89. The company has a 50 day moving average price of $125.84 and a 200 day moving average price of $126.86. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the previous year, the business posted $1.44 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. On average, research analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared 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 1.23%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

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).