Dell Technologies Inc. (NYSE:DELL) Shares Sold by Jennison Associates LLC

Jennison Associates LLC cut its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 13.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,129,133 shares of the technology company's stock after selling 180,639 shares during the quarter. Jennison Associates LLC owned approximately 0.16% of Dell Technologies worth $133,847,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DELL. Capital World Investors bought a new position in Dell Technologies during the 1st quarter worth approximately $835,946,000. International Assets Investment Management LLC grew its position in 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 purchasing an additional 2,415,234 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Dell Technologies by 83.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company's stock worth $250,676,000 after purchasing an additional 1,011,512 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Dell Technologies by 103.1% during the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company's stock valued at $156,275,000 after purchasing an additional 575,166 shares during the period. Finally, Ceredex Value Advisors LLC purchased a new position in Dell Technologies in the third quarter worth about $65,280,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Down 1.5 %

Shares of DELL traded down $2.00 during mid-day trading on Wednesday, hitting $133.90. 3,717,141 shares of the company's stock were exchanged, compared to its average volume of 10,019,161. The firm has a market capitalization of $94.05 billion, a P/E ratio of 24.57, a P/E/G ratio of 1.39 and a beta of 0.89. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The business's 50 day moving average is $124.21 and its two-hundred day moving average is $126.62.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly 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. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the previous year, the business earned $1.44 earnings per share. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.33%. Dell Technologies's dividend payout ratio (DPR) is presently 32.72%.

Analyst Ratings Changes

A number of research firms recently weighed in on DELL. Barclays lifted 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. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Thursday, August 15th. UBS Group dropped 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. Bank of America increased their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Finally, Morgan Stanley raised their price objective on Dell Technologies from $136.00 to $154.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $146.50.

Insider Transactions at Dell Technologies

In other 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 completion of the transaction, the director now owns 23,680 shares of the company's stock, valued at approximately $3,066,560. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now owns 16,912,241 shares of the company's stock, valued at $2,070,058,298.40. This represents a 37.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,954,112 shares of company stock worth $2,113,449,139 over the last quarter. 46.70% of the stock is currently owned by insiders.

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).