Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its position in Dell Technologies Inc. (NYSE:DELL) by 14.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,823 shares of the technology company’s stock after buying an additional 1,631 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Dell Technologies were worth $1,478,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC raised its holdings in Dell Technologies by 1,290.7% during the third quarter. Exchange Traded Concepts LLC now owns 5,076 shares of the technology company’s stock worth $602,000 after purchasing an additional 4,711 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its position in Dell Technologies by 11.9% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 1,885 shares of the technology company’s stock worth $223,000 after purchasing an additional 200 shares during the period. Wesbanco Bank Inc. raised its stake in shares of Dell Technologies by 38.2% during the 3rd quarter. Wesbanco Bank Inc. now owns 29,181 shares of the technology company’s stock worth $3,459,000 after buying an additional 8,065 shares in the last quarter. Creative Planning lifted its holdings in shares of Dell Technologies by 16.8% in the 3rd quarter. Creative Planning now owns 98,961 shares of the technology company’s stock valued at $11,435,000 after buying an additional 14,217 shares during the period. Finally, NBC Securities Inc. grew its holdings in Dell Technologies by 53.4% during the third quarter. NBC Securities Inc. now owns 12,709 shares of the technology company’s stock worth $1,506,000 after acquiring an additional 4,423 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $112.93 on Thursday. The firm’s 50-day simple moving average is $113.92 and its 200-day simple moving average is $117.18. Dell Technologies Inc. has a 1-year low of $80.49 and a 1-year high of $179.70. The firm has a market cap of $79.10 billion, a P/E ratio of 19.95, a PEG ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The company 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%. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business earned $1.62 EPS. Analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.445 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.58%. Dell Technologies’s payout ratio is 31.45%.

Analyst Ratings Changes

Several brokerages have weighed in on DELL. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday. Melius Research upped their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Morgan Stanley raised their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, 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. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.47.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now owns 23,680 shares in the company, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 946,132 shares of company stock worth $115,660,009. 46.70% of the stock is currently owned by corporate insiders.

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).