Dell Technologies Inc. (NYSE:DELL) Shares Sold by Beacon Financial Group

Beacon Financial Group trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,932 shares of the technology company’s stock after selling 277 shares during the period. Beacon Financial Group’s holdings in Dell Technologies were worth $453,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC raised its stake in Dell Technologies by 1,290.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,076 shares of the technology company’s stock valued at $602,000 after purchasing an additional 4,711 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its position in shares of Dell Technologies by 11.9% in the third quarter. Redhawk Wealth Advisors Inc. now owns 1,885 shares of the technology company’s stock valued at $223,000 after buying an additional 200 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Dell Technologies by 38.2% during the third quarter. Wesbanco Bank Inc. now owns 29,181 shares of the technology company’s stock valued at $3,459,000 after buying an additional 8,065 shares during the period. Creative Planning boosted its position in Dell Technologies by 16.8% during the third quarter. Creative Planning now owns 98,961 shares of the technology company’s stock worth $11,435,000 after acquiring an additional 14,217 shares during the last quarter. Finally, NBC Securities Inc. grew its stake in Dell Technologies by 53.4% in the 3rd quarter. NBC Securities Inc. now owns 12,709 shares of the technology company’s stock worth $1,506,000 after acquiring an additional 4,423 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Dell Technologies stock opened at $112.93 on Thursday. Dell Technologies Inc. has a one year low of $80.49 and a one year high of $179.70. The stock’s 50 day moving average price is $113.92 and its 200 day moving average price is $117.18. The firm has a market capitalization of $79.10 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

Insider Activity at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated 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 owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 946,132 shares of company stock valued at $115,660,009. Insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised 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. Morgan Stanley lifted their price target on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Mizuho cut their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Evercore ISI restated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, 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 research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.47.

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).