Strategic Advocates LLC Invests $372,000 in Dell Technologies Inc. (NYSE:DELL)

Strategic Advocates LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,231 shares of the technology company’s stock, valued at approximately $372,000.

A number of other large investors have also recently made changes to their positions in the business. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies in the 4th quarter worth approximately $1,272,000. iA Global Asset Management Inc. grew its stake in Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares during the period. National Pension Service raised its holdings in Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after purchasing an additional 50,304 shares in the last quarter. Sky Investment Group LLC bought a new stake in shares of Dell Technologies during the 4th quarter valued at $1,687,000. Finally, Enclave Advisors LLC purchased a new stake in shares of Dell Technologies in the 4th quarter worth about $848,000. 76.37% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the sale, the chief financial officer now directly owns 228,419 shares of the company’s stock, valued at $28,739,678.58. This represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 946,132 shares of company stock valued at $115,660,009 over the last ninety days. 46.70% of the stock is owned by insiders.

Dell Technologies Stock Performance

DELL opened at $105.43 on Friday. The stock has a market capitalization of $73.85 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.09 and a beta of 0.92. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70. The company has a fifty day moving average of $118.81 and a 200 day moving average of $118.40.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.62 earnings per share. On average, equities research analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Evercore ISI reissued an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft cut their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Mizuho lowered their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Wells Fargo & Company increased their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Melius Research lifted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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).