Veracity Capital LLC Acquires Shares of 1,884 Dell Technologies Inc. (NYSE:DELL)

Veracity Capital LLC bought a new position in Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 1,884 shares of the technology company’s stock, valued at approximately $217,000.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Dell Technologies by 97.2% during the second quarter. EverSource Wealth Advisors LLC now owns 428 shares of the technology company’s stock valued at $59,000 after purchasing an additional 211 shares during the period. Marshall Wace LLP bought a new stake in Dell Technologies in the second quarter worth $470,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Dell Technologies by 75.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 50,344 shares of the technology company’s stock worth $6,943,000 after buying an additional 21,675 shares during the period. Toronto Dominion Bank increased its position in Dell Technologies by 10.1% during the second quarter. Toronto Dominion Bank now owns 25,546 shares of the technology company’s stock valued at $3,523,000 after acquiring an additional 2,340 shares during the last quarter. Finally, APG Asset Management N.V. raised its stake in shares of Dell Technologies by 24.0% in the second quarter. APG Asset Management N.V. now owns 285,454 shares of the technology company’s stock valued at $36,731,000 after acquiring an additional 55,320 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Wells Fargo & Company upped 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. Mizuho dropped their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Citigroup reduced their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft lowered 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 note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Friday, November 15th. The shares were 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 represents a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their position. 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 three months. 46.70% of the stock is owned by insiders.

Dell Technologies Trading Down 0.5 %

Shares of NYSE DELL opened at $113.66 on Friday. The stock has a market capitalization of $79.61 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. Dell Technologies Inc. has a 12-month low of $80.49 and a 12-month high of $179.70. The stock’s fifty day simple moving average is $121.12 and its two-hundred day simple moving average is $119.63.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating 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 company 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 firm earned $1.62 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced 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 1.57%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

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).