Clarity Capital Partners LLC Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

Clarity Capital Partners LLC raised its position in Dell Technologies Inc. (NYSE:DELL) by 8.4% in the 4th quarter, Holdings Channel reports. The fund owned 13,283 shares of the technology company’s stock after acquiring an additional 1,029 shares during the period. Clarity Capital Partners LLC’s holdings in Dell Technologies were worth $1,531,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DELL. Values First Advisors Inc. raised its holdings in Dell Technologies by 62.8% during the fourth quarter. Values First Advisors Inc. now owns 1,317 shares of the technology company’s stock worth $152,000 after purchasing an additional 508 shares in the last quarter. Harvey Capital Management Inc. increased its position in Dell Technologies by 30.1% during the 4th quarter. Harvey Capital Management Inc. now owns 31,250 shares of the technology company’s stock worth $3,601,000 after purchasing an additional 7,225 shares during the period. Valley Brook Capital Group Inc. purchased a new position in shares of Dell Technologies during the 4th quarter worth approximately $244,000. Hartford Investment Management Co. lifted its holdings in shares of Dell Technologies by 4.9% in the 4th quarter. Hartford Investment Management Co. now owns 19,012 shares of the technology company’s stock valued at $2,191,000 after buying an additional 883 shares during the period. Finally, Gladstone Institutional Advisory LLC boosted its stake in shares of Dell Technologies by 17.2% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 9,656 shares of the technology company’s stock valued at $1,113,000 after buying an additional 1,414 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Melius Research increased 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. Evercore ISI reiterated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Barclays increased their target price 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. Finally, OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.47.

Dell Technologies Price Performance

Dell Technologies stock opened at $112.93 on Thursday. The firm’s 50-day moving average is $113.92 and its two-hundred day moving average is $117.18. The stock has a market capitalization of $79.10 billion, a P/E ratio of 19.95, a P/E/G ratio of 0.91 and a beta of 0.90. Dell Technologies Inc. has a 12-month low of $80.49 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly 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. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the previous year, the firm posted $1.62 EPS. Dell Technologies’s revenue was up 9.5% on a year-over-year basis. As a group, analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.58%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 946,132 shares of company stock valued at $115,660,009 in the last 90 days. 46.70% of the stock is currently owned by insiders.

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).