Private Wealth Partners LLC Increases Stake in Dell Technologies Inc. (NYSE:DELL)

Private Wealth Partners LLC raised its position in Dell Technologies Inc. (NYSE:DELL) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,186 shares of the technology company’s stock after acquiring an additional 716 shares during the quarter. Private Wealth Partners LLC’s holdings in Dell Technologies were worth $713,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Byrne Asset Management LLC purchased a new stake in Dell Technologies in the 4th quarter worth approximately $28,000. True Wealth Design LLC boosted its position in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares in the last quarter. MCF Advisors LLC raised its holdings in Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after purchasing an additional 165 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Dell Technologies by 290.7% during the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after buying an additional 218 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after buying an additional 111 shares during the period. 76.37% of the stock is owned by institutional investors.

Insider Activity

In other Dell Technologies news, 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 value of $12,997,173.60. Following the completion of the transaction, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. This represents a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock worth $115,564,106 over the last 90 days. 46.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Melius Research increased their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Bank of America dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday. Mizuho dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Finally, Citigroup lowered their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $145.65.

Dell Technologies Stock Up 0.5 %

DELL opened at $120.96 on Thursday. Dell Technologies Inc. has a 52 week low of $80.49 and a 52 week high of $179.70. The company has a market capitalization of $84.73 billion, a P/E ratio of 21.37, a PEG ratio of 1.00 and a beta of 0.90. The stock’s fifty day moving average is $113.06 and its two-hundred day moving average is $117.38.

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 company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the previous year, the firm posted $1.62 earnings per share. Dell Technologies’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

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).