Dell Technologies Inc. (NYSE:DELL) Shares Bought by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI increased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 71.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,953 shares of the technology company’s stock after purchasing an additional 8,315 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Dell Technologies were worth $2,299,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of Dell Technologies in the second quarter valued at about $470,000. Toronto Dominion Bank raised its position in shares of Dell Technologies by 10.1% during the 2nd quarter. Toronto Dominion Bank now owns 25,546 shares of the technology company’s stock worth $3,523,000 after purchasing an additional 2,340 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Dell Technologies by 9.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company’s stock valued at $3,111,000 after buying an additional 1,902 shares in the last quarter. Creative Planning grew its holdings in Dell Technologies by 112.0% during the 2nd quarter. Creative Planning now owns 84,744 shares of the technology company’s stock valued at $11,687,000 after buying an additional 44,763 shares during the last quarter. Finally, Nemes Rush Group LLC purchased a new position in Dell Technologies during the second quarter worth $33,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 228,419 shares of the company’s stock, valued at $28,739,678.58. This represents a 3.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 946,132 shares of company stock valued at $115,660,009. 46.70% of the stock is currently owned by insiders.

Dell Technologies Trading Down 8.7 %

Shares of NYSE DELL opened at $103.86 on Tuesday. Dell Technologies Inc. has a 12-month low of $80.49 and a 12-month high of $179.70. The company has a market cap of $72.75 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.22 and a beta of 0.92. The stock has a fifty day moving average price of $120.76 and a 200 day moving average price of $119.04.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data 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. The company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $1.62 earnings per share. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.71%. Dell Technologies’s payout ratio is currently 31.45%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DELL shares. Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Citigroup cut their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Barclays raised their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley boosted their price target on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

About Dell Technologies

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).