Gries Financial LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Gries Financial LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,744 shares of the technology company’s stock, valued at approximately $201,000.

Other large investors have also bought and sold shares of the company. Burns J W & Co. Inc. NY acquired a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $1,272,000. iA Global Asset Management Inc. raised its holdings 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 acquiring an additional 5,203 shares during the period. National Pension Service raised its stake in shares of Dell Technologies by 8.8% in the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after purchasing an additional 50,304 shares during the period. Sky Investment Group LLC bought a new stake in Dell Technologies in the 4th quarter valued at approximately $1,687,000. Finally, Enclave Advisors LLC acquired a new position in Dell Technologies during the fourth quarter worth $848,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Price Performance

DELL stock opened at $105.43 on Friday. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70. The stock has a market cap of $73.85 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 1.22 and a beta of 0.92. The company has a 50 day simple moving average of $118.81 and a 200 day simple moving average of $118.40.

Dell Technologies (NYSE:DELL) last announced its quarterly 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. 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%. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.62 EPS. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.69%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Citigroup decreased their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Melius Research upped their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Mizuho cut their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the transaction, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 946,132 shares of company stock valued at $115,660,009 in the last ninety days. 46.70% of the stock is currently owned by insiders.

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).