Harbor Investment Advisory LLC Sells 431 Shares of Dell Technologies Inc. (NYSE:DELL)

Harbor Investment Advisory LLC cut its holdings in Dell Technologies Inc. (NYSE:DELL) by 25.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,263 shares of the technology company’s stock after selling 431 shares during the period. Harbor Investment Advisory LLC’s holdings in Dell Technologies were worth $146,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DELL. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies during the fourth quarter worth $1,272,000. iA Global Asset Management Inc. boosted its position in shares of Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares in the last quarter. National Pension Service boosted its position in shares of Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after purchasing an additional 50,304 shares in the last quarter. Woodmont Investment Counsel LLC bought a new position in shares of Dell Technologies during the third quarter worth $5,780,000. Finally, Retirement Systems of Alabama bought a new position in shares of Dell Technologies during the third quarter worth $7,435,000. 76.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DELL has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Evercore ISI reissued an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Mizuho dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Melius Research raised their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Citigroup dropped their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Trading Up 3.1 %

Shares of DELL stock opened at $114.99 on Thursday. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70. The firm’s fifty day moving average price is $121.92 and its two-hundred day moving average price is $119.70. The firm has a market capitalization of $80.55 billion, a P/E ratio of 20.32, a PEG ratio of 1.16 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion for 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%. Dell Technologies’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.62 EPS. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s payout ratio is presently 31.45%.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the sale, the director now owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. The trade was a 3.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 945,407 shares of company stock worth $115,573,009. Company insiders own 46.70% of the company’s stock.

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).