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

Nisa Investment Advisors LLC trimmed its stake in Dell Technologies Inc. (NYSE:DELL) by 90.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies in the fourth quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC bought a new position in Dell Technologies in the 1st quarter valued at $25,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies in the fourth quarter worth $26,000. Crowley Wealth Management Inc. lifted its position in shares of Dell Technologies by 86.2% during 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 last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of Dell Technologies during the first quarter valued at $32,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Up 5.8%

DELL opened at $131.08 on Friday. The company has a market cap of $88.98 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.14 and a beta of 1.02. The firm’s fifty day simple moving average is $117.32 and its two-hundred day simple moving average is $105.99. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66.

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

Dell Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on DELL. Bank of America raised their price target on shares of Dell Technologies from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday. Evercore ISI reaffirmed an “outperform” rating on shares of Dell Technologies in a research report on Thursday, May 29th. Barclays boosted their price target on Dell Technologies from $116.00 to $123.00 and gave the company an “equal weight” rating in a report on Friday, May 30th. KeyCorp started coverage on Dell Technologies in a report on Thursday, June 26th. They set a “sector weight” rating on the stock. Finally, Morgan Stanley upped 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. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.06.

Insider Buying and Selling

In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of the firm’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total value of $10,803,456.60. Following the transaction, the insider directly owned 56,429 shares of the company’s stock, valued at $6,682,322.18. This trade represents a 61.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the sale, the general counsel owned 79,928 shares of the company’s stock, valued at $8,697,764.96. This trade represents a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,897,063 shares of company stock worth $1,570,909,812 in the last ninety days. Company insiders own 42.00% of the company’s stock.

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).