Harvey Capital Management Inc. Purchases 7,225 Shares of Dell Technologies Inc. (NYSE:DELL)

Harvey Capital Management Inc. lifted its position in Dell Technologies Inc. (NYSE:DELL) by 30.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,250 shares of the technology company’s stock after acquiring an additional 7,225 shares during the quarter. Harvey Capital Management Inc.’s holdings in Dell Technologies were worth $3,601,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Valley Brook Capital Group Inc. bought a new stake in Dell Technologies in the fourth quarter worth about $244,000. Hartford Investment Management Co. raised its holdings in shares of Dell Technologies by 4.9% in the fourth quarter. Hartford Investment Management Co. now owns 19,012 shares of the technology company’s stock worth $2,191,000 after buying an additional 883 shares during the period. Gladstone Institutional Advisory LLC boosted its stake in shares of Dell Technologies by 17.2% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 9,656 shares of the technology company’s stock valued at $1,113,000 after purchasing an additional 1,414 shares during the period. Louisiana State Employees Retirement System boosted its position in Dell Technologies by 1.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the technology company’s stock valued at $1,901,000 after buying an additional 300 shares during the period. Finally, Fishman Jay A Ltd. MI grew its stake in Dell Technologies by 4.6% in the fourth quarter. Fishman Jay A Ltd. MI now owns 2,724 shares of the technology company’s stock worth $314,000 after purchasing an additional 119 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Shares of DELL opened at $111.46 on Wednesday. The stock has a 50-day moving average of $114.20 and a two-hundred day moving average of $117.19. The stock has a market cap of $78.07 billion, a P/E ratio of 19.69, a P/E/G ratio of 0.91 and a beta of 0.90. Dell Technologies Inc. has a one year low of $80.49 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last issued 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. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the firm earned $1.62 earnings per share. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. Analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm 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 1.60%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insider Buying and Selling at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at $33,864,657.56. The trade was a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 946,132 shares of company stock valued at $115,660,009. 46.70% of the stock is owned by insiders.

Analyst Ratings Changes

DELL has been the subject of several research reports. Citigroup lowered their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Barclays upped their price objective on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Wells Fargo & Company lifted their target price on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. decreased their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Morgan Stanley lifted their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $147.47.

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).