Stratos Wealth Advisors LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Stratos Wealth Advisors LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,870 shares of the technology company’s stock, valued at approximately $792,000.

A number of other institutional investors also recently added to or reduced their stakes in DELL. Marshall Wace LLP purchased a new position in shares of Dell Technologies in the 2nd quarter valued at about $470,000. Czech National Bank purchased a new position in Dell Technologies in the third quarter valued at about $6,947,000. GAMMA Investing LLC lifted its position in shares of Dell Technologies by 113.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,544 shares of the technology company’s stock valued at $183,000 after acquiring an additional 819 shares during the period. Diversified Trust Co purchased a new stake in shares of Dell Technologies during the 3rd quarter worth approximately $209,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in shares of Dell Technologies in the 3rd quarter worth approximately $227,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on DELL shares. Wells Fargo & Company boosted their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Barclays increased their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Mizuho cut their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Citigroup dropped their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Finally, Morgan Stanley upped their target price on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note 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, the company has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Stock Performance

DELL opened at $105.90 on Friday. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70. The company’s 50 day simple moving average is $115.27 and its 200 day simple moving average is $117.48. The stock has a market capitalization of $74.18 billion, a PE ratio of 18.71, a P/E/G ratio of 1.10 and a beta of 0.90.

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

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated 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. This trade represents a 38.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 946,132 shares of company stock valued at $115,660,009. 46.70% of the stock is currently owned by corporate insiders.

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).