Private Wealth Partners LLC Buys 716 Shares of Dell Technologies Inc. (NYSE:DELL)

Private Wealth Partners LLC boosted its position in Dell Technologies Inc. (NYSE:DELL) by 13.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,186 shares of the technology company’s stock after buying an additional 716 shares during the period. Private Wealth Partners LLC’s holdings in Dell Technologies were worth $713,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Intrepid Financial Planning Group LLC raised its position in shares of Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after purchasing an additional 80 shares during the period. Smithfield Trust Co increased its stake in Dell Technologies by 8.0% during the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after purchasing an additional 84 shares in the last quarter. Graypoint LLC lifted its stake in shares of Dell Technologies by 4.3% in the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after buying an additional 86 shares in the last quarter. ASB Consultores LLC grew its holdings in shares of Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock valued at $236,000 after buying an additional 87 shares during the last quarter. Finally, Equitable Trust Co. increased its position in shares of Dell Technologies by 3.1% during the third quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock worth $349,000 after acquiring an additional 88 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DELL shares. JPMorgan Chase & Co. dropped their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Wells Fargo & Company increased their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Mizuho dropped their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Finally, Bank of America reduced their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday. 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, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $145.65.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $120.96 on Thursday. The stock has a market capitalization of $84.73 billion, a PE ratio of 21.37, a P/E/G ratio of 1.00 and a beta of 0.90. Dell Technologies Inc. has a one year low of $80.49 and a one year high of $179.70. The business’s fifty day moving average price is $113.06 and its 200-day moving average price is $117.38.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data 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 the consensus estimate 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 revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.62 earnings per share. As a group, equities analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.47%. Dell Technologies’s payout ratio is 31.45%.

Insiders Place Their Bets

In other news, 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 transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock worth $115,564,106 over the last 90 days. Corporate insiders own 46.70% of the company’s stock.

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).