Dell Technologies Inc. (NYSE:DELL) Shares Sold by First Dallas Securities Inc.

First Dallas Securities Inc. reduced its position in Dell Technologies Inc. (NYSE:DELL) by 20.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,945 shares of the technology company’s stock after selling 1,025 shares during the period. First Dallas Securities Inc.’s holdings in Dell Technologies were worth $455,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DELL. Clean Yield Group acquired a new stake in shares of Dell Technologies during the third quarter worth approximately $25,000. True Wealth Design LLC increased its position in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the last quarter. MCF Advisors LLC raised its stake in shares of Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after purchasing an additional 165 shares in the last quarter. Covestor Ltd grew its stake in Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after buying an additional 111 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of DELL opened at $100.13 on Tuesday. Dell Technologies Inc. has a 12-month low of $80.49 and a 12-month high of $179.70. The stock has a market capitalization of $70.14 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.10 and a beta of 0.90. The firm’s 50 day moving average is $117.34 and its 200-day moving average is $117.91.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. During the same quarter in the prior year, the firm earned $1.62 EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced 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 1.78%. Dell Technologies’s payout ratio is currently 31.45%.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies 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 completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s 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 sale, the director now directly 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 quarter, insiders have sold 946,132 shares of company stock worth $115,660,009. 46.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DELL. Wells Fargo & Company increased their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lowered their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Morgan Stanley raised their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Citigroup dropped 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. Finally, Mizuho reduced 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 analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies 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).