KBC Group NV Sells 50,979 Shares of Dell Technologies Inc. (NYSE:DELL)

KBC Group NV lowered its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 31.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 113,310 shares of the technology company's stock after selling 50,979 shares during the quarter. KBC Group NV's holdings in Dell Technologies were worth $13,432,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors acquired a new position in Dell Technologies in the first quarter worth about $835,946,000. International Assets Investment Management LLC boosted its stake in Dell Technologies by 19,376.1% in the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company's stock valued at $287,779,000 after acquiring an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale raised its position 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 worth $250,676,000 after purchasing an additional 1,011,512 shares during the period. Bahl & Gaynor Inc. lifted its holdings in shares of Dell Technologies by 159.8% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company's stock worth $154,396,000 after purchasing an additional 832,144 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Dell Technologies by 103.1% during the 2nd 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. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of DELL stock traded down $2.79 during trading on Friday, hitting $131.64. 5,010,102 shares of the company were exchanged, compared to its average volume of 6,766,663. The business's 50-day simple moving average is $123.03 and its 200 day simple moving average is $126.40. Dell Technologies Inc. has a twelve month low of $67.51 and a twelve month high of $179.70. The firm has a market capitalization of $92.46 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 1.39 and a beta of 0.89.

Dell Technologies (NYSE:DELL - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the prior year, the business posted $1.44 EPS. Dell Technologies's quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.35%. Dell Technologies's payout ratio is 32.72%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now directly owns 23,680 shares of the company's stock, valued at approximately $3,066,560. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the sale, the chief executive officer now owns 20,190,781 shares of the company's stock, valued at $2,060,873,016.67. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock worth $2,113,353,236 in the last ninety days. 46.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

DELL has been the subject of several analyst reports. Barclays boosted their price target 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. JPMorgan Chase & Co. lifted their price target on Dell Technologies from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. Citigroup increased their price target on Dell Technologies from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Fox Advisors raised Dell Technologies from an "equal weight" rating to an "overweight" rating in a report on Friday, August 30th. Finally, Sanford C. Bernstein decreased their target price 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. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $144.63.

About Dell Technologies

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).