Salem Investment Counselors Inc. Increases Stock Position in Dell Technologies Inc. (NYSE:DELL)

Salem Investment Counselors Inc. grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,617 shares of the technology company’s stock after purchasing an additional 341 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Dell Technologies were worth $1,454,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Clean Yield Group purchased a new position in Dell Technologies during the 3rd quarter worth $25,000. True Wealth Design LLC boosted its stake 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 buying an additional 253 shares during the period. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies during the second quarter worth about $33,000. MCF Advisors LLC increased its position in Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after acquiring an additional 165 shares during the period. Finally, Covestor Ltd raised its stake 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 acquiring an additional 218 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the 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 $97,059,962.61. This represents a 38.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s 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 completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock valued at $115,573,009 over the last 90 days. Insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 4.1 %

Shares of DELL opened at $110.08 on Tuesday. The company has a 50-day moving average of $125.11 and a two-hundred day moving average of $121.03. The stock has a market cap of $77.32 billion, a P/E ratio of 19.45, a PEG ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a 12-month low of $76.90 and a 12-month high of $179.70.

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

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.62%. Dell Technologies’s dividend 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).