Game Plan Financial Advisors LLC Acquires New Shares in Dell Technologies Inc. (NYSE:DELL)

Game Plan Financial Advisors LLC acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,731 shares of the technology company’s stock, valued at approximately $199,000.

A number of other institutional investors also recently bought and sold shares of DELL. Burns J W & Co. Inc. NY bought a new stake in Dell Technologies during the 4th quarter valued at approximately $1,272,000. iA Global Asset Management Inc. lifted its stake in shares of Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after acquiring an additional 5,203 shares during the last quarter. National Pension Service lifted its stake in shares of Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after acquiring an additional 50,304 shares during the last quarter. Sky Investment Group LLC bought a new stake in Dell Technologies during the 4th quarter valued at $1,687,000. Finally, Enclave Advisors LLC bought a new stake in Dell Technologies during the 4th quarter valued at $848,000. Institutional investors own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DELL shares. Melius Research boosted their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. lowered their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. 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. Barclays increased their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.94.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction on Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the sale, the director now owns 777,347 shares of the company’s stock, valued at $97,386,032.16. This trade represents a 11.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 945,407 shares of company stock worth $115,564,106 over the last quarter. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Price Performance

NYSE:DELL opened at $114.28 on Friday. The firm has a 50-day moving average of $113.18 and a two-hundred day moving average of $117.12. The stock has a market cap of $80.05 billion, a P/E ratio of 20.19, a PEG ratio of 0.91 and a beta of 0.90. Dell Technologies Inc. has a 1-year low of $80.49 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter last year, the company posted $1.62 earnings per share. Dell Technologies’s revenue was up 9.5% on a year-over-year basis. As a group, equities analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid 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 dividend yield of 1.56%. Dell Technologies’s dividend payout ratio is presently 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).