Institute for Wealth Management LLC. Purchases 477 Shares of Dell Technologies Inc. (NYSE:DELL)

Institute for Wealth Management LLC. increased its position in Dell Technologies Inc. (NYSE:DELL) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,072 shares of the technology company’s stock after purchasing an additional 477 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Dell Technologies were worth $2,083,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Strategic Advocates LLC acquired a new position in Dell Technologies during the fourth quarter worth $372,000. Oak Harvest Investment Services bought a new position in shares of Dell Technologies in the fourth quarter valued at about $2,586,000. Cibc World Market Inc. increased its position in Dell Technologies by 17.4% in the 4th quarter. Cibc World Market Inc. now owns 301,073 shares of the technology company’s stock valued at $34,696,000 after acquiring an additional 44,621 shares in the last quarter. Capital Investment Advisory Services LLC bought a new position in shares of Dell Technologies in the fourth quarter worth about $242,000. Finally, First Affirmative Financial Network raised its position in Dell Technologies by 12.3% in the 4th quarter. First Affirmative Financial Network now owns 2,422 shares of the technology company’s stock worth $279,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DELL. Mizuho lowered their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Evercore ISI reiterated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft cut their target price on 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 target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Finally, Barclays raised their price objective on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Stock Up 2.3 %

DELL opened at $105.43 on Friday. The stock has a market cap of $73.85 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.09 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 business has a 50 day moving average of $118.81 and a 200-day moving average of $118.40.

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, beating the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm earned $1.62 earnings per share. As a group, analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current 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 issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is 31.45%.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 946,132 shares of company stock valued at $115,660,009. 46.70% of the stock is currently owned by corporate insiders.

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).