Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its position in Dell Technologies Inc. (NYSE:DELL) by 14.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,823 shares of the technology company’s stock after buying an additional 1,631 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Dell Technologies were worth $1,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DELL. Howland Capital Management LLC raised its holdings in shares of Dell Technologies by 23.4% during the fourth quarter. Howland Capital Management LLC now owns 2,366 shares of the technology company’s stock worth $273,000 after purchasing an additional 448 shares during the period. Richard C. Young & CO. LTD. bought a new position in Dell Technologies in the fourth quarter worth about $8,230,000. Empowered Funds LLC boosted its stake in Dell Technologies by 12.9% in the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after acquiring an additional 3,470 shares during the period. Byrne Asset Management LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $28,000. Finally, Opinicus Capital Inc. lifted its holdings in shares of Dell Technologies by 14.1% in the 4th quarter. Opinicus Capital Inc. now owns 5,883 shares of the technology company’s stock worth $678,000 after purchasing an additional 728 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the sale, the chief financial officer now owns 228,419 shares of the company’s stock, valued at approximately $28,739,678.58. This represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 946,132 shares of company stock worth $115,660,009 over the last quarter. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Up 1.3 %

NYSE:DELL opened at $112.93 on Thursday. The business’s 50-day moving average price is $113.92 and its 200 day moving average price is $117.18. Dell Technologies Inc. has a 52-week low of $80.49 and a 52-week high of $179.70. The firm has a market cap of $79.10 billion, a P/E ratio of 19.95, a PEG ratio of 0.91 and a beta of 0.90.

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. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates 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 for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 earnings per share. Sell-side analysts expect 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 was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DELL shares. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday. Mizuho cut their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Wells Fargo & Company upped their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Morgan Stanley lifted their price target on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Melius Research increased 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. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.47.

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).