Parcion Private Wealth LLC Cuts Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Parcion Private Wealth LLC lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 73.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,247 shares of the technology company’s stock after selling 6,092 shares during the period. Parcion Private Wealth LLC’s holdings in Dell Technologies were worth $259,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Burns J W & Co. Inc. NY purchased a new position in Dell Technologies during the fourth quarter worth approximately $1,272,000. iA Global Asset Management Inc. raised its stake in Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares during the period. National Pension Service raised its stake in Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after purchasing an additional 50,304 shares during the period. Sky Investment Group LLC purchased a new position in Dell Technologies during the fourth quarter worth approximately $1,687,000. Finally, Enclave Advisors LLC acquired a new stake in shares of Dell Technologies in the fourth quarter worth $848,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DELL. Melius Research increased their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Mizuho dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Finally, Barclays raised their price target 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. Three equities 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.65.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated 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 sale, the chief financial officer now owns 228,419 shares in the company, valued at approximately $28,739,678.58. This represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 945,407 shares of company stock worth $115,564,106. 46.70% of the stock is currently owned by insiders.

Dell Technologies Price Performance

Shares of DELL stock opened at $120.96 on Thursday. The firm has a market cap of $84.73 billion, a P/E ratio of 21.37, a P/E/G ratio of 1.00 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 firm has a fifty day moving average of $113.06 and a two-hundred day moving average of $117.38.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (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 for the quarter, compared to the consensus estimate of $24.67 billion. During the same period last year, the firm posted $1.62 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, sell-side analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders 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 1.47%. Dell Technologies’s payout ratio is currently 31.45%.

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).