Sky Investment Group LLC Buys Shares of 14,640 Dell Technologies Inc. (NYSE:DELL)

Sky Investment Group LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, HoldingsChannel reports. The firm purchased 14,640 shares of the technology company’s stock, valued at approximately $1,687,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amalgamated Bank acquired a new position in shares of Dell Technologies during the second quarter valued at $1,941,000. Public Employees Retirement Association of Colorado boosted its stake in Dell Technologies by 5.7% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 37,058 shares of the technology company’s stock valued at $5,111,000 after purchasing an additional 1,983 shares during the period. Westwood Holdings Group Inc. grew its position in Dell Technologies by 45.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 31,778 shares of the technology company’s stock worth $4,383,000 after purchasing an additional 9,858 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $1,545,000. Finally, Fairscale Capital LLC bought a new stake in shares of Dell Technologies during the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on DELL. Mizuho lowered their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Barclays raised their price target on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Morgan Stanley upped their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Citigroup lowered their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.06.

Dell Technologies Trading Down 0.4 %

NYSE DELL opened at $109.65 on Tuesday. Dell Technologies Inc. has a 1 year low of $77.70 and a 1 year high of $179.70. The company has a market cap of $76.81 billion, a PE ratio of 19.37, a PEG ratio of 1.21 and a beta of 0.92. The stock’s 50-day moving average price is $123.00 and its two-hundred day moving average price is $120.13.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate 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 business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. Research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.62%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

Insiders Place Their Bets

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 945,407 shares of company stock worth $115,573,009. 46.70% of the stock is currently owned by company insiders.

Dell Technologies 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).