Strategic Investment Advisors MI Sells 1,325 Shares of Dell Technologies Inc. (NYSE:DELL)

Strategic Investment Advisors MI decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 10.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,020 shares of the technology company’s stock after selling 1,325 shares during the quarter. Strategic Investment Advisors MI’s holdings in Dell Technologies were worth $1,270,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DELL. Clean Yield Group purchased a new position in shares of Dell Technologies during the 3rd quarter valued at $25,000. True Wealth Design LLC lifted its stake in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares in the last quarter. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies during the 2nd quarter valued at $33,000. MCF Advisors LLC lifted its stake in shares of Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after buying an additional 165 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Dell Technologies by 290.7% during the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after buying an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $113.66 on Monday. The firm has a market cap of $79.61 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. The firm’s 50 day simple moving average is $120.76 and its 200-day simple moving average is $119.22. Dell Technologies Inc. has a one year low of $80.49 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The business 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 company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $1.62 earnings per share. Equities research analysts predict 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. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Activity at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 946,132 shares of company stock valued at $115,660,009 over the last ninety days. 46.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DELL. Morgan Stanley raised their price objective on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Melius Research raised their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Citigroup cut their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Finally, Mizuho lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

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).