Dell Technologies Inc. (NYSE:DELL) Shares Bought by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,131 shares of the technology company’s stock after buying an additional 134 shares during the period. Tritonpoint Wealth LLC’s holdings in Dell Technologies were worth $476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new stake in Dell Technologies during the second quarter worth about $470,000. The Manufacturers Life Insurance Company increased its stake in Dell Technologies by 9.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company’s stock worth $3,111,000 after buying an additional 1,902 shares during the period. Sanctuary Advisors LLC acquired a new stake in Dell Technologies during the 2nd quarter worth approximately $4,567,000. Centaurus Financial Inc. purchased a new position in Dell Technologies in the 2nd quarter valued at approximately $262,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Dell Technologies by 39.6% during the third quarter. Massmutual Trust Co. FSB ADV now owns 335 shares of the technology company’s stock worth $40,000 after acquiring an additional 95 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

DELL stock opened at $103.84 on Monday. The stock has a market capitalization of $72.74 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.09 and a beta of 0.92. The company has a fifty day moving average of $117.34 and a 200-day moving average of $117.97. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company 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 company earned $1.62 EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.71%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insider Buying and Selling

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 946,132 shares of company stock valued at $115,660,009. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of several analyst reports. Citigroup lowered their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Wells Fargo & Company upped their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Melius Research lifted 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. 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 report on Monday, December 2nd. Finally, Morgan Stanley raised their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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).