Nisa Investment Advisors LLC Sells 9,506 Shares of Dell Technologies Inc. (NYSE:DELL)

Nisa Investment Advisors LLC lowered its stake in Dell Technologies Inc. (NYSE:DELL) by 90.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,006 shares of the technology company’s stock after selling 9,506 shares during the period. Nisa Investment Advisors LLC’s holdings in Dell Technologies were worth $92,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bellwether Advisors LLC purchased a new position in Dell Technologies during the fourth quarter valued at $25,000. Smallwood Wealth Investment Management LLC purchased a new position in Dell Technologies during the 1st quarter valued at about $25,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies during the fourth quarter worth about $26,000. Crowley Wealth Management Inc. grew its holdings in Dell Technologies by 86.2% in the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company’s stock worth $30,000 after purchasing an additional 150 shares during the period. Finally, Olde Wealth Management LLC bought a new position in shares of Dell Technologies during the first quarter valued at approximately $32,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 10,000,000 shares of the company’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer owned 25,912,241 shares of the company’s stock, valued at $3,168,289,707.07. This represents a 27.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Brunilda Rios sold 6,000 shares of the firm’s stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.29, for a total transaction of $757,740.00. Following the transaction, the chief accounting officer directly owned 18,948 shares of the company’s stock, valued at $2,392,942.92. The trade was a 24.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,897,063 shares of company stock valued at $1,570,909,812. Company insiders own 42.00% of the company’s stock.

Dell Technologies Trading Up 5.8%

Shares of NYSE DELL opened at $131.08 on Friday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66. The firm has a market capitalization of $88.98 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.14 and a beta of 1.02. The firm has a 50 day moving average of $117.32 and a 200 day moving average of $105.99.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). The business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.27 EPS. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies’s payout ratio is 33.49%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays boosted their price target on Dell Technologies from $116.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Friday, May 30th. Morgan Stanley boosted their target price on Dell Technologies from $89.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. UBS Group reduced their price target on Dell Technologies from $150.00 to $145.00 and set a “buy” rating for the company in a report on Friday, May 30th. Evercore ISI reiterated an “outperform” rating on shares of Dell Technologies in a research note on Thursday, May 29th. Finally, Mizuho increased their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, May 19th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.06.

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).