Bay Rivers Group Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Bay Rivers Group purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,364 shares of the technology company’s stock, valued at approximately $2,347,000.

Other hedge funds have also made changes to their positions in the company. Foundations Investment Advisors LLC lifted its stake in Dell Technologies by 17.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 4,388 shares of the technology company’s stock worth $506,000 after acquiring an additional 653 shares in the last quarter. Parsons Capital Management Inc. RI lifted its position in shares of Dell Technologies by 71.4% in the fourth quarter. Parsons Capital Management Inc. RI now owns 19,953 shares of the technology company’s stock worth $2,299,000 after purchasing an additional 8,315 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Dell Technologies by 65.9% during the fourth quarter. Pacer Advisors Inc. now owns 35,453 shares of the technology company’s stock worth $4,086,000 after purchasing an additional 14,081 shares during the period. KBC Group NV grew its position in Dell Technologies by 633.8% during the fourth quarter. KBC Group NV now owns 831,524 shares of the technology company’s stock valued at $95,825,000 after purchasing an additional 718,214 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Dell Technologies in the 4th quarter valued at approximately $4,131,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the topic of several research analyst reports. Mizuho lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Evercore ISI restated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Citigroup cut their price target 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 boosted their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Barclays raised 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 report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Price Performance

Shares of DELL opened at $103.86 on Tuesday. The company has a market capitalization of $72.75 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. Dell Technologies Inc. has a one year low of $80.49 and a one year high of $179.70. The company’s fifty day moving average price is $120.76 and its 200 day moving average price is $119.04.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data 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 negative return on equity of 191.91% and a net margin of 4.36%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.62 earnings per share. Analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.71%. Dell Technologies’s payout ratio is 31.45%.

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. The trade was a 38.10 % 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 valued at $115,660,009. 46.70% of the stock is owned by company insiders.

Dell Technologies Company 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).