Pallas Capital Advisors LLC Sells 1,166 Shares of Dell Technologies Inc. (NYSE:DELL)

Pallas Capital Advisors LLC lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 13.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,828 shares of the technology company’s stock after selling 1,166 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Dell Technologies were worth $902,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Clean Yield Group purchased a new position in Dell Technologies in the 3rd quarter valued at approximately $25,000. True Wealth Design LLC grew its position in shares of 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 in the last quarter. Nemes Rush Group LLC bought a new stake in shares of Dell Technologies during the 2nd quarter valued at $33,000. MCF Advisors LLC lifted its holdings in Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after purchasing an additional 165 shares in the last quarter. Finally, Covestor Ltd grew its holdings in 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 buying an additional 218 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $110.08 on Tuesday. The stock has a market capitalization of $77.32 billion, a P/E ratio of 19.45, a PEG ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a one year low of $76.90 and a one year high of $179.70. The firm’s 50 day simple moving average is $125.11 and its two-hundred day simple moving average is $121.03.

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. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter last year, the company earned $1.62 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the sale, the chief financial officer now directly owns 236,419 shares in the company, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 945,407 shares of company stock valued at $115,573,009 in the last ninety days. Company insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

DELL has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Citigroup decreased their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Melius Research lifted their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company upped their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

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).