Sunflower Bank N.A. Decreases Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

by · The Cerbat Gem

Sunflower Bank N.A. cut its stake in Dell Technologies Inc. (NYSE:DELL – Free Report) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,158 shares of the technology company’s stock after selling 134 shares during the quarter. Sunflower Bank N.A.’s holdings in Dell Technologies were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC boosted its position in Dell Technologies by 1.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after purchasing an additional 80 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares during the period. J.P. Marvel Investment Advisors LLC increased its holdings in Dell Technologies by 0.9% during the first quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock valued at $1,242,000 after buying an additional 98 shares during the last quarter. Kathmere Capital Management LLC raised its position in Dell Technologies by 2.2% in the second quarter. Kathmere Capital Management LLC now owns 4,607 shares of the technology company’s stock worth $635,000 after acquiring an additional 100 shares during the period. Finally, Ameliora Wealth Management Ltd. boosted its stake in shares of Dell Technologies by 5.0% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 2,100 shares of the technology company’s stock worth $249,000 after acquiring an additional 100 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group cut their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Raymond James dropped their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Morgan Stanley decreased their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Susquehanna assumed coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price for the company. Finally, Evercore ISI reissued an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.50.

View Our Latest Research Report on Dell Technologies

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now directly owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Michael S. Dell sold 10,000,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $122.40, for a total value 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 approximately $2,070,058,298.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,978,043 shares of company stock worth $2,116,671,062. Insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Dell Technologies stock traded up $2.93 during midday trading on Friday, reaching $127.73. The company’s stock had a trading volume of 7,811,938 shares, compared to its average volume of 10,538,466. Dell Technologies Inc. has a 52-week low of $63.90 and a 52-week high of $179.70. The stock has a market capitalization of $90.60 billion, a P/E ratio of 26.07, a PEG ratio of 1.29 and a beta of 0.90. The stock’s 50-day simple moving average is $111.52 and its 200-day simple moving average is $125.09.

Dell Technologies (NYSE:DELL – Get Free Report) last announced its quarterly earnings data 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 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 analyst estimates of $24.14 billion. During the same period in the previous year, the company earned $1.44 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.39%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s payout ratio is 36.33%.

Dell Technologies Company Profile

(Free Report)

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).

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