Perigon Wealth Management LLC Acquires 4,134 Shares of Dell Technologies Inc. (NYSE:DELL)

Perigon Wealth Management LLC boosted its holdings in Dell Technologies Inc. (NYSE:DELLFree Report) by 48.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,610 shares of the technology company’s stock after acquiring an additional 4,134 shares during the quarter. Perigon Wealth Management LLC’s holdings in Dell Technologies were worth $1,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DELL. Marshall Wace LLP bought a new position in shares of Dell Technologies during the 2nd quarter valued at $470,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Dell Technologies by 9.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company’s stock valued at $3,111,000 after buying an additional 1,902 shares during the period. Creative Planning lifted its holdings in shares of Dell Technologies by 112.0% during the 2nd quarter. Creative Planning now owns 84,744 shares of the technology company’s stock valued at $11,687,000 after buying an additional 44,763 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Dell Technologies by 15.6% during the 2nd quarter. NewEdge Advisors LLC now owns 35,168 shares of the technology company’s stock valued at $4,850,000 after buying an additional 4,755 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of Dell Technologies by 84.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 24,370 shares of the technology company’s stock valued at $3,361,000 after buying an additional 11,145 shares during the period. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Up 1.7 %

DELL opened at $103.06 on Thursday. The firm has a 50-day simple moving average of $119.43 and a two-hundred day simple moving average of $118.51. Dell Technologies Inc. has a 52 week low of $80.49 and a 52 week high of $179.70. The company has a market capitalization of $72.19 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92.

Dell Technologies (NYSE:DELLGet Free Report) 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. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The business’s revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders 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 dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Wall Street Analyst Weigh In

DELL has been the topic of several research analyst reports. Mizuho lowered their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Barclays upped their price objective on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Wells Fargo & Company upped their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Morgan Stanley upped their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Citigroup reduced their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $148.06.

Get Our Latest Research Report on DELL

Insider Activity at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 946,132 shares of company stock valued at $115,660,009. Insiders own 46.70% of the company’s stock.

About Dell Technologies

(Free Report)

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).

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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