High Net Worth Advisory Group LLC Buys New Stake in Dell Technologies Inc. (NYSE:DELL)

High Net Worth Advisory Group LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,020 shares of the technology company’s stock, valued at approximately $579,000.

Other hedge funds also recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in shares of Dell Technologies in the 2nd quarter valued at $470,000. Toronto Dominion Bank increased its stake in Dell Technologies by 10.1% in the second quarter. Toronto Dominion Bank now owns 25,546 shares of the technology company’s stock valued at $3,523,000 after purchasing an additional 2,340 shares during the period. MBB Public Markets I LLC purchased a new stake in shares of Dell Technologies in the second quarter valued at about $2,564,000. The Manufacturers Life Insurance Company boosted its stake in shares of Dell Technologies by 9.2% during the second quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company’s stock worth $3,111,000 after buying an additional 1,902 shares during the period. Finally, Kathmere Capital Management LLC grew its holdings in shares of Dell Technologies by 2.2% during the second quarter. Kathmere Capital Management LLC now owns 4,607 shares of the technology company’s stock worth $635,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated 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 sale, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 946,132 shares of company stock worth $115,660,009. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent research reports. Melius Research increased their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Wells Fargo & Company raised their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft dropped their price target 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. Finally, Barclays lifted their price objective on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Trading Down 0.5 %

Shares of NYSE DELL opened at $113.66 on Monday. The company’s 50-day moving average price is $120.76 and its 200 day moving average price is $119.22. Dell Technologies Inc. has a 52 week low of $80.49 and a 52 week high of $179.70. The stock has a market cap of $79.61 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.22 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted $1.62 EPS. As a group, research analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is presently 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).