Courier Capital LLC Has $1.01 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Courier Capital LLC lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 23.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,784 shares of the technology company’s stock after selling 2,717 shares during the quarter. Courier Capital LLC’s holdings in Dell Technologies were worth $1,012,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DELL. iA Global Asset Management Inc. raised its holdings in Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after buying an additional 5,203 shares during the last quarter. National Pension Service increased its position in shares of Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after acquiring an additional 50,304 shares in the last quarter. Woodmont Investment Counsel LLC bought a new position in Dell Technologies in the 3rd quarter valued at about $5,780,000. Retirement Systems of Alabama acquired a new position in Dell Technologies during the 3rd quarter valued at about $7,435,000. Finally, Harvey Capital Management Inc. bought a new stake in Dell Technologies during the 3rd quarter worth approximately $2,848,000. Institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DELL. Mizuho dropped their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Citigroup lowered their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Melius Research raised their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Stock Performance

Shares of DELL opened at $110.08 on Tuesday. Dell Technologies Inc. has a fifty-two week low of $76.90 and a fifty-two week high of $179.70. The business has a 50-day moving average of $125.11 and a 200 day moving average of $121.03. The firm has a market cap of $77.32 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly 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 for 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 191.91%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.62 earnings per share. As a group, research analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 945,407 shares of company stock valued at $115,573,009. Corporate insiders own 46.70% 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).