Park Place Capital Corp Grows Position in Dell Technologies Inc. (NYSE:DELL)

Park Place Capital Corp boosted its stake in Dell Technologies Inc. (NYSE:DELL) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,557 shares of the technology company’s stock after purchasing an additional 865 shares during the quarter. Park Place Capital Corp’s holdings in Dell Technologies were worth $756,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DELL. Amalgamated Bank acquired a new stake in Dell Technologies in the second quarter valued at $1,941,000. EverSource Wealth Advisors LLC raised its holdings in Dell Technologies by 97.2% in the second quarter. EverSource Wealth Advisors LLC now owns 428 shares of the technology company’s stock valued at $59,000 after acquiring an additional 211 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Dell Technologies in the second quarter valued at $2,717,000. Lombard Odier Asset Management USA Corp acquired a new stake in Dell Technologies in the second quarter valued at $248,000. Finally, Bank of Montreal Can raised its holdings in Dell Technologies by 383.2% in the second quarter. Bank of Montreal Can now owns 368,695 shares of the technology company’s stock valued at $51,772,000 after acquiring an additional 292,393 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DELL shares. Evercore ISI reissued an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Barclays increased their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Morgan Stanley increased their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Mizuho decreased their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company increased their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $148.06.

Dell Technologies Trading Up 5.5 %

Shares of Dell Technologies stock opened at $117.74 on Wednesday. The company’s fifty day simple moving average is $121.92 and its 200-day simple moving average is $119.70. The company has a market cap of $82.47 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.16 and a beta of 0.92. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter last year, the company posted $1.62 earnings per share. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, research analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.51%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies 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 in the company, valued at $97,386,032.16. This trade represents a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 945,407 shares of company stock worth $115,573,009 over the last 90 days. Corporate insiders own 46.70% of the company’s stock.

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).