Dell Technologies Inc. (NYSE:DELL) Shares Sold by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 27.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,067 shares of the technology company’s stock after selling 1,530 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Dell Technologies were worth $469,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Clean Yield Group acquired a new position in Dell Technologies during the 3rd quarter worth approximately $25,000. True Wealth Design LLC lifted its position in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after purchasing an additional 165 shares during the period. 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 purchasing an additional 218 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Activity

In related news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were 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 owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 946,132 shares of company stock valued at $115,660,009. Insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DELL. Barclays lifted their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Wells Fargo & Company upped their target price on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Melius Research raised their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Mizuho decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Trading Down 1.4 %

NYSE:DELL opened at $103.84 on Monday. The firm has a market capitalization of $72.74 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.09 and a beta of 0.92. Dell Technologies Inc. has a 52 week low of $80.49 and a 52 week high of $179.70. The stock has a 50 day moving average of $117.34 and a 200-day moving average of $117.97.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the company earned $1.62 earnings per share. As a group, analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.71%. Dell Technologies’s payout ratio is currently 31.45%.

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).