NewEdge Wealth LLC Increases Stake in Dell Technologies Inc. (NYSE:DELL)

NewEdge Wealth LLC grew its position in Dell Technologies Inc. (NYSE:DELL) by 149.8% during the 4th quarter, HoldingsChannel reports. The fund owned 34,623 shares of the technology company’s stock after purchasing an additional 20,760 shares during the period. NewEdge Wealth LLC’s holdings in Dell Technologies were worth $3,990,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Intrepid Financial Planning Group LLC grew its holdings in Dell Technologies by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after acquiring an additional 80 shares in the last quarter. Smithfield Trust Co boosted its holdings in shares of Dell Technologies by 8.0% in the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after buying an additional 84 shares in the last quarter. Graypoint LLC boosted its stake in Dell Technologies by 4.3% in the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after purchasing an additional 86 shares in the last quarter. ASB Consultores LLC boosted its stake in Dell Technologies by 4.6% in the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock worth $236,000 after purchasing an additional 87 shares in the last quarter. Finally, Equitable Trust Co. boosted its stake in Dell Technologies by 3.1% in the 3rd quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock worth $349,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on DELL shares. Melius Research raised their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. TD Cowen dropped their price target on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday. Morgan Stanley dropped their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Citigroup lowered their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft lowered 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 note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.53.

Insider Activity

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now directly owns 228,419 shares of the company’s stock, valued at $28,739,678.58. This represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 937,407 shares of company stock worth $114,418,186 in the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 4.6 %

DELL opened at $102.85 on Friday. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The stock has a market cap of $72.04 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The business’s 50 day moving average is $112.57 and its 200-day moving average is $118.17.

Dell Technologies (NYSE:DELL) last posted its quarterly 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 company had revenue of $24.37 billion for 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%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 earnings per share. As a group, analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s payout ratio is currently 31.45%.

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).