Parcion Private Wealth LLC Decreases Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Parcion Private Wealth LLC reduced its position in shares of Dell Technologies Inc. (NYSE:DELL) by 73.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,247 shares of the technology company’s stock after selling 6,092 shares during the period. Parcion Private Wealth LLC’s holdings in Dell Technologies were worth $259,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DELL. Burns J W & Co. Inc. NY purchased a new stake in Dell Technologies in the fourth quarter valued at $1,272,000. iA Global Asset Management Inc. lifted its position 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 valued at $1,345,000 after acquiring an additional 5,203 shares during the last quarter. National Pension Service lifted its position in Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after acquiring an additional 50,304 shares during the last quarter. Sky Investment Group LLC purchased a new stake in Dell Technologies in the fourth quarter valued at $1,687,000. Finally, Enclave Advisors LLC purchased a new stake in Dell Technologies in the fourth quarter valued at $848,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 0.5 %

Shares of DELL opened at $120.96 on Thursday. The firm’s 50-day moving average is $113.06 and its two-hundred day moving average is $117.38. Dell Technologies Inc. has a twelve month low of $80.49 and a twelve month high of $179.70. The firm has a market capitalization of $84.73 billion, a P/E ratio of 21.37, a PEG ratio of 1.00 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.62 earnings per share. Analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a $0.445 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.47%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DELL. Deutsche Bank Aktiengesellschaft reduced their target price 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. Melius Research upped their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Morgan Stanley dropped their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, Evercore ISI reiterated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $145.65.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the transaction, the director now owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. This represents a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 228,419 shares in the company, valued at $28,739,678.58. The trade was a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 945,407 shares of company stock worth $115,564,106 over the last ninety days. 46.70% of the stock is currently owned by 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).