KRS Capital Management LLC Cuts Position in Dell Technologies Inc. (NYSE:DELL)

KRS Capital Management LLC cut its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,271 shares of the technology company’s stock after selling 326 shares during the quarter. KRS Capital Management LLC’s holdings in Dell Technologies were worth $838,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in Dell Technologies by 10.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 63,304 shares of the technology company’s stock valued at $8,730,000 after acquiring an additional 5,821 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Dell Technologies by 12.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 53,079 shares of the technology company’s stock worth $7,320,000 after purchasing an additional 5,979 shares in the last quarter. Argent Trust Co raised its position in shares of Dell Technologies by 95.8% during the 2nd quarter. Argent Trust Co now owns 7,265 shares of the technology company’s stock worth $1,002,000 after purchasing an additional 3,555 shares during the last quarter. Amalgamated Bank acquired a new stake in Dell Technologies during the 2nd quarter valued at $1,941,000. Finally, Vanguard Personalized Indexing Management LLC increased its position in Dell Technologies by 23.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,462 shares of the technology company’s stock worth $2,547,000 after buying an additional 3,660 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insiders Place Their Bets

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies 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 owns 236,419 shares of the company’s stock, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the transaction, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock valued at $115,573,009 in the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 0.4 %

Shares of DELL traded down $0.46 during midday trading on Friday, reaching $109.65. 6,331,153 shares of the company were exchanged, compared to its average volume of 5,041,827. 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 price-to-earnings ratio of 19.37, a P/E/G ratio of 1.21 and a beta of 0.92. The stock has a 50-day moving average price of $123.00 and a 200-day moving average price of $120.45.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the previous year, the business posted $1.62 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. Equities research analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Citigroup reduced 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. Melius Research lifted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Finally, Evercore ISI reiterated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

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).