D Orazio & Associates Inc. trimmed its stake in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,314 shares of the technology company’s stock after selling 142 shares during the quarter. D Orazio & Associates Inc.’s holdings in Dell Technologies were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $28,000. Opinicus Capital Inc. grew its holdings in Dell Technologies by 14.1% in the 4th quarter. Opinicus Capital Inc. now owns 5,883 shares of the technology company’s stock worth $678,000 after buying an additional 728 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. raised its stake in Dell Technologies by 2.9% during the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 10,567 shares of the technology company’s stock valued at $1,218,000 after acquiring an additional 300 shares in the last quarter. Vest Financial LLC boosted its position in Dell Technologies by 61.8% during the 4th quarter. Vest Financial LLC now owns 25,043 shares of the technology company’s stock worth $2,886,000 after acquiring an additional 9,567 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in shares of Dell Technologies during the fourth quarter valued at $329,000. Institutional investors and hedge funds own 76.37% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Citigroup decreased their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Mizuho dropped their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Finally, Melius Research lifted their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $148.06.
Insider Buying and Selling at Dell Technologies
In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now owns 228,419 shares in the company, valued at approximately $28,739,678.58. This trade represents a 3.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 946,132 shares of company stock valued at $115,660,009 in the last quarter. Company insiders own 46.70% of the company’s stock.
Dell Technologies Stock Performance
NYSE DELL opened at $106.45 on Friday. The firm’s 50 day moving average price is $114.90 and its two-hundred day moving average price is $117.40. The stock has a market cap of $74.56 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a twelve month low of $80.49 and a twelve month high of $179.70.
Dell Technologies (NYSE:DELL – Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the prior year, the business earned $1.62 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.
Dell Technologies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders 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 yield of 1.67%. Dell Technologies’s payout ratio is 31.45%.
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).
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