Nomura Asset Management Co. Ltd. Sells 67,179 Shares of Dell Technologies Inc. (NYSE:DELL)

Nomura Asset Management Co. Ltd. lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 44.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,209 shares of the technology company's stock after selling 67,179 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Dell Technologies were worth $9,864,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Great Valley Advisor Group Inc. raised its holdings in Dell Technologies by 170.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 5,596 shares of the technology company's stock worth $772,000 after purchasing an additional 3,526 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in Dell Technologies in the second quarter worth about $48,000. SOA Wealth Advisors LLC. boosted its position in Dell Technologies by 96.8% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 561 shares of the technology company's stock valued at $77,000 after acquiring an additional 276 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of Dell Technologies by 1,144.1% in the 2nd quarter. Westside Investment Management Inc. now owns 1,468 shares of the technology company's stock worth $202,000 after acquiring an additional 1,350 shares in the last quarter. Finally, Silver Lake Advisory LLC bought a new stake in shares of Dell Technologies during the second quarter valued at approximately $740,000. Institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Up 0.4 %

NYSE:DELL traded up $0.49 on Thursday, hitting $119.18. The stock had a trading volume of 5,376,813 shares, compared to its average volume of 10,091,743. Dell Technologies Inc. has a 52-week low of $69.26 and a 52-week high of $179.70. The stock has a market cap of $83.71 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The business's 50-day simple moving average is $128.18 and its two-hundred day simple moving average is $125.37.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 earnings per share. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.49%. Dell Technologies's dividend payout ratio is presently 31.45%.

Insiders Place Their Bets

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the sale, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 1,546,550 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $116.30, for a total value of $179,863,765.00. Following the sale, the chief executive officer now owns 11,912,241 shares of the company's stock, valued at $1,385,393,628.30. This represents a 11.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,409,903 shares of company stock worth $1,737,563,234 over the last quarter. 46.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DELL shares. Barclays boosted their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Fox Advisors upgraded shares of Dell Technologies from an "equal weight" rating to an "overweight" rating in a report on Friday, August 30th. Morgan Stanley lifted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the company an "overweight" rating in a report on Monday, November 11th. TD Cowen cut their price target on Dell Technologies from $155.00 to $128.00 and set a "hold" rating on the stock in a research note on Friday, August 30th. Finally, Mizuho lowered their price objective on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $148.06.

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).