Stratos Wealth Partners LTD. Purchases 6,643 Shares of Dell Technologies Inc. (NYSE:DELL)

Stratos Wealth Partners LTD. increased its position in Dell Technologies Inc. (NYSE:DELL) by 32.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,936 shares of the technology company’s stock after purchasing an additional 6,643 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Dell Technologies were worth $3,104,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. True Wealth Design LLC increased its holdings in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. MCF Advisors LLC boosted its holdings in shares of Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after buying an additional 165 shares during the period. Covestor Ltd grew its stake in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after buying an additional 218 shares during the last quarter. Versant Capital Management Inc lifted its position in Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in shares of Dell Technologies by 171.9% during the fourth quarter. Fortitude Family Office LLC now owns 435 shares of the technology company’s stock worth $50,000 after acquiring an additional 275 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on 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 directly owns 23,680 shares in the company, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 946,132 shares of company stock worth $115,660,009 over the last three months. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Up 0.5 %

Shares of Dell Technologies stock opened at $106.45 on Friday. The stock has a market cap of $74.56 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a twelve month low of $80.49 and a twelve month high of $179.70. The company’s fifty day moving average is $114.90 and its 200 day moving average is $117.40.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.62 earnings per share. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DELL shares. Mizuho dropped their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Morgan Stanley lifted their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Evercore ISI restated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Finally, 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 report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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).