709 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by ORG Wealth Partners LLC

ORG Wealth Partners LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 709 shares of the technology company’s stock, valued at approximately $82,000.

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

Insiders Place Their Bets

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was 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 in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at $3,132,390.40. This 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 worth $115,666,897 in the last ninety days. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Performance

Shares of DELL stock opened at $114.91 on Friday. The stock has a 50 day moving average price of $125.51 and a 200 day moving average price of $121.49. The firm has a market capitalization of $80.71 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a 52-week low of $76.90 and a 52-week high of $179.70.

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. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period in the previous year, the firm earned $1.62 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.55%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DELL. 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. 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 research note on Monday, November 18th. 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 report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Finally, Evercore ISI reissued an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company 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).