Monument Capital Management Buys 791 Shares of Dell Technologies Inc. (NYSE:DELL)

Monument Capital Management increased its stake in Dell Technologies Inc. (NYSE:DELL) by 19.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,836 shares of the technology company’s stock after purchasing an additional 791 shares during the quarter. Monument Capital Management’s holdings in Dell Technologies were worth $370,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DELL. Anchor Investment Management LLC bought a new stake in shares of Dell Technologies in the 4th quarter worth approximately $26,000. Pinnacle Bancorp Inc. raised its holdings in Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after acquiring an additional 188 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Dell Technologies by 454.5% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock valued at $37,000 after acquiring an additional 400 shares during the period. Castleview Partners LLC bought a new stake in Dell Technologies during the 3rd quarter valued at $39,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in Dell Technologies by 1,456.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock valued at $46,000 after acquiring an additional 568 shares during the period. Institutional investors own 38.10% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Richard J. Rothberg sold 93,954 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the transaction, the general counsel now directly owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the completion of the transaction, the general counsel now owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the transaction, the director now directly owns 535,816 shares of the company’s stock, valued at approximately $71,997,595.92. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock valued at $718,452,037 over the last three months. Corporate insiders own 48.60% of the company’s stock.

Dell Technologies Trading Up 1.0 %

Shares of NYSE:DELL opened at $115.54 on Tuesday. The company has a market cap of $82.47 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92. The company has a 50-day moving average price of $109.53 and a 200-day moving average price of $86.83. Dell Technologies Inc. has a 12 month low of $41.47 and a 12 month high of $136.16.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The company had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. Dell Technologies’s revenue was down 10.9% on a year-over-year basis. As a group, research analysts forecast that Dell Technologies Inc. will post 6.58 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be paid a $0.445 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Monday, April 22nd. Dell Technologies’s dividend payout ratio is presently 33.87%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DELL shares. TD Cowen upped their price target on shares of Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Morgan Stanley upped their target price on shares of Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Loop Capital began coverage on shares of Dell Technologies in a research report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 target price for the company. Evercore ISI upped their target price on shares of Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, Wells Fargo & Company upped their target price on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $104.63.

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).