Udine Wealth Management Inc. Buys 311 Shares of Dell Technologies Inc. (NYSE:DELL)

Udine Wealth Management Inc. raised its stake in Dell Technologies Inc. (NYSE:DELL) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,629 shares of the technology company’s stock after purchasing an additional 311 shares during the quarter. Dell Technologies comprises approximately 1.1% of Udine Wealth Management Inc.’s holdings, making the stock its 27th biggest position. Udine Wealth Management Inc.’s holdings in Dell Technologies were worth $1,686,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Burns J W & Co. Inc. NY purchased a new position in shares of Dell Technologies in the fourth quarter valued at $1,272,000. iA Global Asset Management Inc. lifted its position 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 valued at $1,345,000 after purchasing an additional 5,203 shares during the last quarter. National Pension Service grew its stake in shares of Dell Technologies by 8.8% in the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after buying an additional 50,304 shares in the last quarter. Woodmont Investment Counsel LLC purchased a new stake in shares of Dell Technologies during the 3rd quarter valued at about $5,780,000. Finally, Retirement Systems of Alabama bought a new position in shares of Dell Technologies in the 3rd quarter valued at about $7,435,000. Institutional investors own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DELL. Evercore ISI restated an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Mizuho decreased their price target 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 shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Citigroup reduced their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Stock Performance

Shares of DELL opened at $109.65 on Friday. The stock has a market capitalization of $76.81 billion, a PE ratio of 19.37, a PEG ratio of 1.21 and a beta of 0.92. The company has a 50 day moving average price of $123.00 and a 200-day moving average price of $120.29. Dell Technologies Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) 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 business had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.62 EPS. Equities research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

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

Insider Transactions at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the transaction, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. This trade represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock valued at $115,573,009 in the last 90 days. Insiders own 46.70% of the company’s stock.

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).