Private Advisor Group LLC Purchases 14,780 Shares of Dell Technologies Inc. (NYSE:DELL)

Private Advisor Group LLC lifted its position in Dell Technologies Inc. (NYSE:DELL) by 24.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 75,849 shares of the technology company’s stock after buying an additional 14,780 shares during the quarter. Private Advisor Group LLC’s holdings in Dell Technologies were worth $8,741,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Fagan Associates Inc. grew its stake in shares of Dell Technologies by 181.3% in the 4th quarter. Fagan Associates Inc. now owns 29,102 shares of the technology company’s stock valued at $3,354,000 after buying an additional 18,757 shares in the last quarter. Good Life Advisors LLC boosted its position in Dell Technologies by 24.5% during the fourth quarter. Good Life Advisors LLC now owns 2,162 shares of the technology company’s stock worth $249,000 after purchasing an additional 425 shares during the period. Alberta Investment Management Corp bought a new stake in Dell Technologies during the fourth quarter worth approximately $4,229,000. TKG Advisors LLC boosted its position in Dell Technologies by 102.8% during the fourth quarter. TKG Advisors LLC now owns 18,455 shares of the technology company’s stock worth $2,099,000 after purchasing an additional 9,355 shares during the period. Finally, New York State Common Retirement Fund boosted its position in Dell Technologies by 0.5% during the fourth quarter. New York State Common Retirement Fund now owns 338,444 shares of the technology company’s stock worth $39,002,000 after purchasing an additional 1,582 shares during the period. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Down 1.9 %

Shares of NYSE DELL opened at $117.66 on Friday. The business has a fifty day simple moving average of $113.12 and a 200 day simple moving average of $117.42. The firm has a market capitalization of $82.41 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.11 and a beta of 0.90. Dell Technologies Inc. has a one year low of $85.40 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period in the prior year, the company posted $1.62 earnings per share. Dell Technologies’s revenue was up 9.5% on a year-over-year basis. On average, research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.51%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Wells Fargo & Company upped their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Barclays upped their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Bank of America cut their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Morgan Stanley cut their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $145.00.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the transaction, the director now directly owns 777,347 shares in the company, valued at $97,386,032.16. This represents a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the sale, the chief financial officer now owns 228,419 shares in the company, valued at $28,739,678.58. The trade was a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 937,407 shares of company stock worth $114,418,186 over the last three months. 46.70% of the stock is currently owned by corporate insiders.

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).