Patriot Financial Group Insurance Agency LLC Sells 243 Shares of Dell Technologies Inc. (NYSE:DELL)

Patriot Financial Group Insurance Agency LLC lowered its position in shares of Dell Technologies Inc. (NYSE:DELL) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,782 shares of the technology company’s stock after selling 243 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Dell Technologies were worth $321,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its stake in Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after acquiring an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after purchasing an additional 2,641,456 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after buying an additional 2,415,234 shares during the period. Alkeon Capital Management LLC raised its stake in Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after buying an additional 699,204 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Dell Technologies by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock worth $204,538,000 after acquiring an additional 29,717 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Price Performance

NYSE DELL opened at $103.06 on Thursday. The business’s fifty day moving average is $119.43 and its 200-day moving average is $118.51. The stock has a market capitalization of $72.19 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.22 and a beta of 0.92. Dell Technologies Inc. has a one year low of $80.49 and a one 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 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 analyst estimates of $24.67 billion. During the same quarter in the previous year, the firm posted $1.62 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.73%. Dell Technologies’s payout ratio is presently 31.45%.

Insider Activity

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the 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 transaction, the director now owns 23,680 shares in the company, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 946,132 shares of company stock valued at $115,660,009 in the last 90 days. Insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DELL shares. Citigroup lowered 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. Barclays upped their price objective 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. Evercore ISI reissued an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Mizuho dropped their price target 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. Finally, Wells Fargo & Company boosted their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

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).