Kestra Investment Management LLC Sells 1,221 Shares of Dell Technologies Inc. (NYSE:DELL)

Kestra Investment Management LLC cut its position in shares of Dell Technologies Inc. (NYSE:DELL) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,049 shares of the technology company’s stock after selling 1,221 shares during the quarter. Kestra Investment Management LLC’s holdings in Dell Technologies were worth $1,504,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DELL. Byrne Asset Management LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at about $28,000. True Wealth Design LLC lifted its position in Dell Technologies by 2,530.0% in the third 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 stake in shares of Dell Technologies by 132.0% during the third 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 period. Covestor Ltd grew its holdings in shares of 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 during the last quarter. Finally, Versant Capital Management Inc raised its holdings in 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 buying an additional 111 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was 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 owns 228,419 shares of the company’s stock, valued at $28,739,678.58. This trade represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 945,407 shares of company stock worth $115,564,106. 46.70% of the stock is currently owned by insiders.

Dell Technologies Price Performance

Shares of DELL opened at $114.28 on Tuesday. The stock has a market capitalization of $80.05 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 0.91 and a beta of 0.90. The business’s 50 day simple moving average is $113.18 and its 200-day simple moving average is $117.21. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last announced 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. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the previous year, the business earned $1.62 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts expect 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 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 annualized dividend and a dividend yield of 1.56%. Dell Technologies’s payout ratio is 31.45%.

Analyst Ratings Changes

A number of research firms have issued reports on DELL. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Barclays boosted their target price on 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 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. Finally, Morgan Stanley decreased their price objective 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. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.94.

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).