Strategic Advocates LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Strategic Advocates LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,231 shares of the technology company’s stock, valued at approximately $372,000.

Several other institutional investors have also recently made changes to their positions in the business. Marshall Wace LLP purchased a new stake in shares of Dell Technologies in the second quarter valued at approximately $470,000. The Manufacturers Life Insurance Company increased its stake in Dell Technologies by 9.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company’s stock worth $3,111,000 after buying an additional 1,902 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Dell Technologies by 15.5% in the second quarter. EP Wealth Advisors LLC now owns 3,865 shares of the technology company’s stock worth $533,000 after acquiring an additional 519 shares during the last quarter. Truist Financial Corp increased its position in shares of Dell Technologies by 62.7% during the second quarter. Truist Financial Corp now owns 95,735 shares of the technology company’s stock worth $13,203,000 after purchasing an additional 36,908 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Dell Technologies by 122.8% in the second quarter. Cetera Investment Advisers now owns 184,183 shares of the technology company’s stock valued at $25,401,000 after buying an additional 101,519 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the sale, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 946,132 shares of company stock valued at $115,660,009. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Trading Up 2.3 %

Dell Technologies stock opened at $105.43 on Friday. Dell Technologies Inc. has a 12-month low of $80.49 and a 12-month high of $179.70. The stock has a market cap of $73.85 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.09 and a beta of 0.92. The company has a fifty day simple moving average of $118.81 and a 200-day simple moving average of $118.40.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping 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 negative return on equity of 191.91% and a net margin of 4.36%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.62 earnings per share. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company 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 1.69%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Analysts Set New Price Targets

DELL has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Wells Fargo & Company lifted their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Evercore ISI restated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Morgan Stanley lifted their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Barclays upped their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

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).