Banco Santander S.A. Sells 337 Shares of Dell Technologies Inc. (NYSE:DELL)

Banco Santander S.A. decreased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 6.1% in the third quarter, HoldingsChannel reports. The fund owned 5,203 shares of the technology company’s stock after selling 337 shares during the quarter. Banco Santander S.A.’s holdings in Dell Technologies were worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after buying an additional 2,415,234 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Dell Technologies by 83.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after buying an additional 1,011,512 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Dell Technologies by 103.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after buying an additional 575,166 shares during the period. Ceredex Value Advisors LLC purchased a new position in shares of Dell Technologies in the third quarter valued at about $65,280,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Dell Technologies by 151.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 781,500 shares of the technology company’s stock worth $89,178,000 after acquiring an additional 470,642 shares during the period. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Up 3.8 %

DELL opened at $144.20 on Friday. The business has a fifty day moving average of $125.84 and a 200 day moving average of $126.86. The stock has a market cap of $101.28 billion, a P/E ratio of 26.51, a PEG ratio of 1.43 and a beta of 0.89. Dell Technologies Inc. has a 52-week low of $67.51 and a 52-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 analysts’ consensus estimates 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 firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same period in the prior year, the business posted $1.44 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts anticipate 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. Investors of record on Tuesday, October 22nd were issued a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.23%. Dell Technologies’s payout ratio is 32.72%.

Insider Buying and Selling

In related news, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares in the company, valued at $8,593,017.27. This represents a 36.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This trade represents a 9.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,954,112 shares of company stock valued at $2,113,449,139 over the last quarter. 46.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DELL. Sanford C. Bernstein dropped their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Barclays increased their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a report on Friday, September 27th. They issued a “buy” rating and a $144.00 target price on the stock. UBS Group reduced their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, Wells Fargo & Company boosted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $146.50.

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).