Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys 10,219 Shares of Dell Technologies Inc. (NYSE:DELL)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Dell Technologies Inc. (NYSE:DELL) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,447 shares of the technology company’s stock after purchasing an additional 10,219 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Dell Technologies were worth $13,422,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FMR LLC boosted its stake in Dell Technologies by 59.6% in the third quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock worth $646,053,000 after buying an additional 3,499,760 shares in the last quarter. Alkeon Capital Management LLC boosted its stake in Dell Technologies by 241.9% in the third quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock worth $294,453,000 after buying an additional 3,023,625 shares in the last quarter. Morgan Stanley boosted its stake in Dell Technologies by 96.9% in the third quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock worth $346,137,000 after buying an additional 2,472,866 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Dell Technologies in the third quarter worth approximately $85,765,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in Dell Technologies by 1,071.4% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,213,463 shares of the technology company’s stock worth $92,281,000 after buying an additional 1,109,876 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors.

Dell Technologies Trading Up 3.4 %

DELL traded up $4.27 during trading on Monday, reaching $129.37. The stock had a trading volume of 5,021,718 shares, compared to its average volume of 7,017,637. The stock’s 50 day moving average is $117.20 and its two-hundred day moving average is $90.78. The company has a market capitalization of $92.34 billion, a price-to-earnings ratio of 29.60, a P/E/G ratio of 1.58 and a beta of 0.87. Dell Technologies Inc. has a one year low of $44.19 and a one year high of $136.16.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. The business had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.55 earnings per share. On average, equities research analysts predict that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were issued a $0.445 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.38%. Dell Technologies’s dividend payout ratio is 40.73%.

Insiders Place Their Bets

In other news, insider Jennifer D. Saavedra sold 18,260 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the completion of the transaction, the insider now directly owns 206,961 shares in the company, valued at $24,856,016.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jennifer D. Saavedra sold 18,260 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the completion of the transaction, the insider now directly owns 206,961 shares in the company, valued at $24,856,016.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the transaction, the general counsel now owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,382,204 shares of company stock worth $718,452,037. 48.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of analyst reports. UBS Group increased their price objective on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Wells Fargo & Company increased their price objective on Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. JPMorgan Chase & Co. increased their price objective on Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. The Goldman Sachs Group increased their price objective on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Loop Capital initiated coverage on Dell Technologies in a research note on Wednesday, February 28th. They set a “buy” rating and a $125.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $104.63.

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).