First Dallas Securities Inc. Cuts Stake in Dell Technologies Inc. (NYSE:DELL)

First Dallas Securities Inc. lessened its position in Dell Technologies Inc. (NYSE:DELL) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,945 shares of the technology company’s stock after selling 1,025 shares during the quarter. First Dallas Securities Inc.’s holdings in Dell Technologies were worth $455,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Jennison Associates LLC grew its stake in Dell Technologies by 3.2% during the 4th quarter. Jennison Associates LLC now owns 1,165,754 shares of the technology company’s stock valued at $134,341,000 after acquiring an additional 36,621 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of Dell Technologies by 552.8% during the 4th quarter. CENTRAL TRUST Co now owns 4,863 shares of the technology company’s stock worth $560,000 after buying an additional 4,118 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in Dell Technologies by 9.6% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 24,550 shares of the technology company’s stock valued at $2,829,000 after acquiring an additional 2,152 shares during the last quarter. Greenleaf Trust increased its stake in Dell Technologies by 8.9% during the fourth quarter. Greenleaf Trust now owns 10,036 shares of the technology company’s stock worth $1,157,000 after acquiring an additional 816 shares during the last quarter. Finally, Golden State Equity Partners increased its position in shares of Dell Technologies by 1,754.8% during the 4th quarter. Golden State Equity Partners now owns 8,124 shares of the technology company’s stock worth $936,000 after purchasing an additional 7,686 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DELL has been the subject of several research reports. Morgan Stanley lifted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Melius Research boosted their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI reissued an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Citigroup reduced their price objective on 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, Mizuho reduced their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Stock Performance

Shares of DELL stock opened at $100.13 on Tuesday. The stock has a market cap of $70.14 billion, a PE ratio of 17.69, a P/E/G ratio of 1.10 and a beta of 0.90. The stock has a fifty day moving average price of $117.34 and a 200 day moving average price of $117.91. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The firm 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%. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 EPS. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

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 dividend of $0.445 per share. 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 1.78%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Insider Buying and Selling at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the completion of the transaction, the chief financial officer now owns 228,419 shares in the company, valued at $28,739,678.58. The trade was a 3.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 946,132 shares of company stock worth $115,660,009. Insiders own 46.70% of the company’s stock.

About Dell Technologies

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).