Delta Financial Group Inc. Cuts Stock Position in Dell Technologies Inc. (NYSE:DELL)

Delta Financial Group Inc. lessened its holdings in Dell Technologies Inc. (NYSE:DELL) by 15.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,962 shares of the technology company’s stock after selling 367 shares during the period. Delta Financial Group Inc.’s holdings in Dell Technologies were worth $226,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Byrne Asset Management LLC bought a new position in shares of Dell Technologies during the 4th quarter valued at about $28,000. True Wealth Design LLC boosted its holdings in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. MCF Advisors LLC boosted its holdings in shares of Dell Technologies by 132.0% during 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 during the last quarter. Covestor Ltd boosted its holdings in shares of Dell Technologies by 290.7% during the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after purchasing an additional 218 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on DELL. Citigroup dropped their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday. Barclays increased their price target on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Morgan Stanley lowered their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Mizuho lowered 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 research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $117.66 on Monday. The company has a market cap of $82.41 billion, a P/E ratio of 20.79, a PEG ratio of 1.10 and a beta of 0.90. The firm has a 50-day simple moving average of $113.11 and a two-hundred day simple moving average of $117.92. Dell Technologies Inc. has a 1 year low of $85.40 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $1.62 earnings per share. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 937,407 shares of company stock valued at $114,418,186. 46.70% of the stock is currently owned by company insiders.

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).