Dell Technologies Inc. (NYSE:DELL) Shares Sold by Westside Investment Management Inc.

Westside Investment Management Inc. reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 46.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 793 shares of the technology company’s stock after selling 675 shares during the period. Westside Investment Management Inc.’s holdings in Dell Technologies were worth $91,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Park Place Capital Corp raised its position in Dell Technologies by 15.2% during the 4th quarter. Park Place Capital Corp now owns 6,557 shares of the technology company’s stock worth $756,000 after buying an additional 865 shares during the last quarter. Viking Fund Management LLC acquired a new stake in shares of Dell Technologies in the fourth quarter worth $5,186,000. Nisa Investment Advisors LLC lifted its position in Dell Technologies by 31.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,512 shares of the technology company’s stock valued at $1,211,000 after purchasing an additional 2,502 shares during the period. Aspire Private Capital LLC boosted its holdings in Dell Technologies by 8.3% in the fourth quarter. Aspire Private Capital LLC now owns 17,497 shares of the technology company’s stock valued at $2,016,000 after purchasing an additional 1,337 shares during the last quarter. Finally, Enclave Advisors LLC acquired a new stake in Dell Technologies during the 4th quarter worth about $848,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction 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 $33,864,657.56. The trade was a 3.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock worth $115,573,009 in the last quarter. 46.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DELL has been the topic of several analyst reports. Mizuho dropped their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Melius Research increased their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley lifted their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Evercore ISI reissued an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Stock Up 3.1 %

Shares of NYSE DELL opened at $114.99 on Thursday. The business’s 50 day moving average is $121.92 and its two-hundred day moving average is $119.70. 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 $80.55 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.16 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its earnings results 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. The firm 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 was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 EPS. Analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 annualized dividend and a yield of 1.55%. Dell Technologies’s payout ratio is 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).