Pallas Capital Advisors LLC Sells 1,166 Shares of Dell Technologies Inc. (NYSE:DELL)

Pallas Capital Advisors LLC reduced its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 13.0% in the fourth quarter, HoldingsChannel reports. The fund owned 7,828 shares of the technology company’s stock after selling 1,166 shares during the period. Pallas Capital Advisors LLC’s holdings in Dell Technologies were worth $902,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DELL. Quest Partners LLC purchased a new stake in shares of Dell Technologies in the 2nd quarter worth approximately $163,000. Meeder Advisory Services Inc. purchased a new stake in shares of Dell Technologies in the second quarter worth $225,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Dell Technologies by 421.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 33,804 shares of the technology company’s stock valued at $4,662,000 after acquiring an additional 27,319 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Dell Technologies by 16.9% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 3,161 shares of the technology company’s stock worth $436,000 after purchasing an additional 457 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Dell Technologies by 10.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 63,304 shares of the technology company’s stock worth $8,730,000 after purchasing an additional 5,821 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

NYSE DELL opened at $110.08 on Tuesday. The stock has a 50 day moving average price of $125.11 and a 200-day moving average price of $121.03. Dell Technologies Inc. has a one year low of $76.90 and a one year high of $179.70. The company has a market capitalization of $77.32 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same period last year, the company posted $1.62 EPS. The business’s revenue was up 9.5% on a year-over-year basis. As a group, equities analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

DELL has been the subject of several recent analyst reports. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Citigroup lowered their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft decreased their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Barclays increased their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Melius Research boosted their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Insider Buying and Selling

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock worth $115,573,009 over the last three months. 46.70% of the stock is owned by insiders.

Dell Technologies 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).