Modus Advisors LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Modus Advisors LLC acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,633 shares of the technology company’s stock, valued at approximately $188,000.

A number of other hedge funds have also added to or reduced their stakes in DELL. iA Global Asset Management Inc. raised its position in shares of Dell Technologies by 84.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after acquiring an additional 5,203 shares in the last quarter. National Pension Service lifted its position in shares of Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after buying an additional 50,304 shares during the last quarter. Woodmont Investment Counsel LLC bought a new stake in shares of Dell Technologies in the 3rd quarter valued at about $5,780,000. Retirement Systems of Alabama purchased a new position in Dell Technologies in the 3rd quarter worth $7,435,000. Finally, Harvey Capital Management Inc. acquired a new stake in Dell Technologies during the 3rd quarter worth about $2,848,000. 76.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DELL shares. Citigroup dropped their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Wells Fargo & Company increased their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Melius Research upped their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on 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, Morgan Stanley boosted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction 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 approximately $97,386,032.16. This trade represents a 11.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,920 shares of company stock valued at $15,426,444. Company insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Dell Technologies stock traded up $2.60 during trading on Friday, reaching $119.13. 1,135,858 shares of the company were exchanged, compared to its average volume of 2,770,589. Dell Technologies Inc. has a 52-week low of $75.33 and a 52-week high of $179.70. The stock’s 50 day simple moving average is $126.10 and its two-hundred day simple moving average is $122.55. The company has a market capitalization of $83.45 billion, a P/E ratio of 21.05, a PEG ratio of 1.26 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 EPS. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.49%. Dell Technologies’s dividend payout ratio is currently 31.45%.

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).