Hartford Investment Management Co. Grows Position in Dell Technologies Inc. (NYSE:DELL)

Hartford Investment Management Co. boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,012 shares of the technology company’s stock after buying an additional 883 shares during the quarter. Hartford Investment Management Co.’s holdings in Dell Technologies were worth $2,191,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DELL. Intrepid Financial Planning Group LLC lifted its position in Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock valued at $1,423,000 after purchasing an additional 80 shares during the period. Smithfield Trust Co raised its stake in Dell Technologies by 8.0% during the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after buying an additional 84 shares during the last quarter. Graypoint LLC boosted its stake in shares of Dell Technologies by 4.3% in the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after buying an additional 86 shares during the last quarter. ASB Consultores LLC grew its holdings in shares of Dell Technologies by 4.6% in the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock worth $236,000 after acquiring an additional 87 shares during the period. Finally, Equitable Trust Co. increased its position in Dell Technologies by 3.1% during the third quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock valued at $349,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DELL. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday. Citigroup cut their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Mizuho decreased their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.94.

Dell Technologies Price Performance

DELL stock opened at $110.31 on Friday. The company has a market capitalization of $77.27 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 0.91 and a beta of 0.90. Dell Technologies Inc. has a 1-year low of $80.49 and a 1-year high of $179.70. The business has a 50 day simple moving average of $113.66 and a two-hundred day simple moving average of $117.15.

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

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a $0.445 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.61%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the completion of the sale, the chief financial officer now owns 228,419 shares in the company, valued at approximately $28,739,678.58. This trade represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 945,407 shares of company stock worth $115,564,106 in the last quarter. 46.70% of the stock is owned by corporate insiders.

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).