Wealth Alliance Purchases 1,395 Shares of Dell Technologies Inc. (NYSE:DELL)

Wealth Alliance increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 42.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,650 shares of the technology company’s stock after purchasing an additional 1,395 shares during the period. Wealth Alliance’s holdings in Dell Technologies were worth $356,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new stake in Dell Technologies in the 4th quarter worth $26,000. Pinnacle Bancorp Inc. grew its position in Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after buying an additional 188 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in Dell Technologies by 454.5% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock valued at $37,000 after acquiring an additional 400 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Dell Technologies in the 1st quarter worth approximately $27,000. Finally, Castleview Partners LLC acquired a new stake in shares of Dell Technologies during the 3rd quarter worth approximately $39,000. Institutional investors own 38.10% of the company’s stock.

Insider Activity

In related news, CEO Michael S. Dell sold 41,550 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the completion of the sale, the chief executive officer now directly owns 36,389,719 shares of the company’s stock, valued at $3,894,791,624.57. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Michael S. Dell sold 41,550 shares of Dell Technologies stock in a transaction on Monday, March 18th. The stock was sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the completion of the sale, the chief executive officer now directly owns 36,389,719 shares of the company’s stock, valued at $3,894,791,624.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the transaction, the director now directly owns 535,816 shares in the company, valued at approximately $71,997,595.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,382,204 shares of company stock valued at $718,452,037. 48.60% of the stock is currently owned by insiders.

Dell Technologies Stock Down 1.0 %

Shares of NYSE:DELL opened at $118.38 on Friday. The firm has a market cap of $84.50 billion, a P/E ratio of 27.09, a P/E/G ratio of 1.53 and a beta of 0.92. Dell Technologies Inc. has a 12 month low of $41.47 and a 12 month high of $136.16. The company’s 50-day moving average price is $108.37 and its two-hundred day moving average price is $85.89.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The business had revenue of $22.32 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. Dell Technologies’s revenue was down 10.9% compared to the same quarter last year. As a group, equities analysts predict that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.50%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s payout ratio is presently 40.73%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DELL. JPMorgan Chase & Co. increased their price objective on shares of Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. TD Cowen increased their target price on Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Wells Fargo & Company boosted their price target on Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. UBS Group increased their price objective on Dell Technologies from $99.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Barclays lifted their price objective on Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $102.88.

About Dell Technologies

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).