Versor Investments LP Cuts Holdings in Dell Technologies Inc. (NYSE:DELL)

Versor Investments LP cut its position in shares of Dell Technologies Inc. (NYSE:DELL) by 74.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,006 shares of the technology company’s stock after selling 14,877 shares during the quarter. Versor Investments LP’s holdings in Dell Technologies were worth $690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DELL. Jones Financial Companies Lllp purchased a new position in Dell Technologies during the fourth quarter worth about $25,000. Massmutual Trust Co. FSB ADV boosted its stake in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the last quarter. Accordant Advisory Group Inc purchased a new position in Dell Technologies in the second quarter valued at about $28,000. New Covenant Trust Company N.A. purchased a new position in Dell Technologies in the first quarter valued at about $30,000. Finally, Central Bank & Trust Co. purchased a new position in Dell Technologies in the first quarter valued at about $34,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DELL. Evercore ISI reiterated an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a research note on Wednesday, August 28th. Citigroup boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Barclays boosted their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Morgan Stanley lowered their price target on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Finally, Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.80.

Dell Technologies Trading Down 4.1 %

Dell Technologies stock opened at $110.80 on Wednesday. The firm’s 50 day simple moving average is $119.18 and its 200 day simple moving average is $123.16. The firm has a market capitalization of $78.59 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.43 and a beta of 0.92. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 182.71%. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 EPS. Research analysts forecast that Dell Technologies Inc. will post 6.86 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 139,419 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $136.18, for a total value of $18,986,079.42. Following the transaction, the chief executive officer now owns 30,272,822 shares of the company’s stock, valued at approximately $4,122,552,899.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Michael S. Dell sold 139,419 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $136.18, for a total value of $18,986,079.42. Following the completion of the sale, the chief executive officer now owns 30,272,822 shares of the company’s stock, valued at approximately $4,122,552,899.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lake Group L.L.C. Silver sold 25,381 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the completion of the sale, the director now directly owns 787,669 shares of the company’s stock, valued at approximately $105,878,466.98. The disclosure for this sale can be found here. Insiders have sold 7,041,697 shares of company stock valued at $961,072,399 in the last quarter. Insiders own 46.70% of the company’s stock.

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).