Hilltop National Bank Has $560,000 Holdings in Dell Technologies Inc. (NYSE:DELL)

Hilltop National Bank reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,860 shares of the technology company’s stock after selling 210 shares during the quarter. Hilltop National Bank’s holdings in Dell Technologies were worth $560,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. National Bank of Canada FI increased its holdings in shares of Dell Technologies by 13.1% during the 2nd quarter. National Bank of Canada FI now owns 3,956 shares of the technology company’s stock valued at $565,000 after acquiring an additional 457 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Dell Technologies by 6.0% in the second quarter. Victory Capital Management Inc. now owns 90,708 shares of the technology company’s stock worth $12,510,000 after buying an additional 5,171 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Dell Technologies during the 2nd quarter worth $163,000. Choreo LLC acquired a new position in Dell Technologies in the 2nd quarter valued at $776,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in Dell Technologies in the 2nd quarter worth $214,000. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Down 2.6 %

Shares of NYSE:DELL traded down $3.15 during midday trading on Friday, reaching $116.16. The company had a trading volume of 2,753,266 shares, compared to its average volume of 5,384,473. Dell Technologies Inc. has a 1-year low of $76.90 and a 1-year high of $179.70. The stock has a market cap of $81.37 billion, a PE ratio of 20.52, a P/E/G ratio of 1.26 and a beta of 0.92. The business’s 50 day moving average price is $125.83 and its 200 day moving average price is $121.65.

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 the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate 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 revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $1.62 EPS. On average, research analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid 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 1.53%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Wall Street Analyst Weigh In

DELL has been the topic of several research analyst reports. Melius Research raised their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Barclays lifted their price target 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. Evercore ISI reissued an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Finally, Wells Fargo & Company lifted their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $148.06.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the sale, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 946,132 shares of company stock valued at $115,666,897. 46.70% of the stock is owned by 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).