Valeo Financial Advisors LLC Grows Stake in Dell Technologies Inc. (NYSE:DELL)

Valeo Financial Advisors LLC boosted its position in Dell Technologies Inc. (NYSE:DELL) by 12.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,170 shares of the technology company’s stock after purchasing an additional 1,005 shares during the period. Valeo Financial Advisors LLC’s holdings in Dell Technologies were worth $1,057,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DELL. Byrne Asset Management LLC purchased a new position in Dell Technologies during the fourth quarter worth $28,000. True Wealth Design LLC increased its position in Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares in the last quarter. MCF Advisors LLC increased its position in Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after buying an additional 165 shares in the last quarter. Covestor Ltd increased its position in Dell Technologies by 290.7% during the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after buying an additional 218 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after buying an additional 111 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

Shares of DELL opened at $114.28 on Monday. The stock’s 50-day moving average is $113.18 and its two-hundred day moving average is $117.18. The stock has a market cap of $80.05 billion, a PE ratio of 20.19, a P/E/G ratio of 0.91 and a beta of 0.90. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $24.67 billion. During the same period in the previous year, the company earned $1.62 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, research analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DELL. Melius Research raised their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Mizuho decreased their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Evercore ISI restated an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. 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. Finally, Morgan Stanley decreased their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $145.94.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the sale, the director now directly owns 777,347 shares of the company’s stock, valued at $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 945,407 shares of company stock valued at $115,564,106. 46.70% of the stock is currently owned by 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).