Private Advisor Group LLC increased its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 24.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 75,849 shares of the technology company's stock after buying an additional 14,780 shares during the period. Private Advisor Group LLC's holdings in Dell Technologies were worth $8,741,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Byrne Asset Management LLC bought a new stake in Dell Technologies in the fourth quarter valued at $28,000. True Wealth Design LLC boosted its holdings 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 acquiring an additional 253 shares during the period. MCF Advisors LLC boosted its holdings in shares of Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock valued at $34,000 after acquiring an additional 165 shares during the period. Covestor Ltd boosted its holdings in shares of Dell Technologies by 290.7% during the third quarter. Covestor Ltd now owns 293 shares of the technology company's stock valued at $35,000 after acquiring an additional 218 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after acquiring an additional 111 shares during the period. Institutional investors own 76.37% of the company's stock.
Shares of Dell Technologies stock opened at $117.66 on Friday. The company's 50-day moving average price is $113.12 and its two-hundred day moving average price is $117.42. Dell Technologies Inc. has a 52 week low of $85.40 and a 52 week high of $179.70. The stock has a market cap of $82.41 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90.
Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly 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. The firm had revenue of $24.37 billion for the quarter, compared to analysts' expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.62 earnings per share. On average, equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.51%. Dell Technologies's payout ratio is presently 31.45%.
In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now owns 228,419 shares of the company's stock, valued at $28,739,678.58. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction dated 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 transaction, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 937,407 shares of company stock worth $114,418,186. Company insiders own 46.70% of the company's stock.
Several brokerages have recently issued reports on DELL. Barclays boosted 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. Mizuho reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price objective 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. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Finally, Citigroup reduced their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating for the company in a report on Friday. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $145.00.
View Our Latest Research Report on 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).
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