MN Wealth Advisors LLC Acquires 1,983 Shares of Dell Technologies Inc. (NYSE:DELL)

MN Wealth Advisors LLC increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 91.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,140 shares of the technology company’s stock after buying an additional 1,983 shares during the quarter. MN Wealth Advisors LLC’s holdings in Dell Technologies were worth $477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allworth Financial LP lifted its position in shares of Dell Technologies by 60.6% during the 4th quarter. Allworth Financial LP now owns 7,607 shares of the technology company’s stock worth $876,000 after buying an additional 2,871 shares during the last quarter. Principal Securities Inc. raised its position in Dell Technologies by 53.5% in the fourth quarter. Principal Securities Inc. now owns 8,900 shares of the technology company’s stock valued at $1,026,000 after purchasing an additional 3,102 shares during the last quarter. Quantum Private Wealth LLC bought a new position in Dell Technologies in the fourth quarter valued at about $226,000. bLong Financial LLC bought a new position in Dell Technologies in the fourth quarter valued at about $847,000. Finally, Congress Asset Management Co. bought a new position in Dell Technologies in the fourth quarter valued at about $100,869,000. 76.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DELL has been the subject of several research reports. Barclays increased their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Melius Research raised their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley lowered their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $145.94.

Dell Technologies Price Performance

NYSE DELL opened at $114.28 on Friday. The business has a 50 day simple moving average of $113.18 and a 200 day simple moving average of $117.12. Dell Technologies Inc. has a one year low of $80.49 and a one year high of $179.70. The stock has a market capitalization of $80.05 billion, a P/E ratio of 20.19, a P/E/G ratio of 0.91 and a beta of 0.90.

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

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.56%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Buying and Selling at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 945,407 shares of company stock valued at $115,564,106. Company insiders own 46.70% of the company’s stock.

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).