Marks Group Wealth Management Inc Reduces Position in Dell Technologies Inc. (NYSE:DELL)

Marks Group Wealth Management Inc trimmed its holdings in Dell Technologies Inc. (NYSE:DELL) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,651 shares of the technology company’s stock after selling 286 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Dell Technologies were worth $3,532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Byrne Asset Management LLC purchased a new position in Dell Technologies during the fourth quarter worth approximately $28,000. True Wealth Design LLC increased its stake in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after acquiring an additional 165 shares during the period. Covestor Ltd boosted its position in shares of 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. Finally, Versant Capital Management Inc grew its holdings in shares of Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after purchasing an additional 111 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s 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 transaction, the director now 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. Over the last ninety days, insiders have sold 946,132 shares of company stock worth $115,660,009. Company insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DELL. Morgan Stanley boosted 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. Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Citigroup cut their target price 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. Barclays upped their price target on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. cut their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.47.

Dell Technologies Stock Down 0.8 %

Shares of DELL opened at $111.46 on Wednesday. The company has a market cap of $78.07 billion, a P/E ratio of 19.69, a PEG ratio of 0.91 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70. The firm’s 50 day moving average price is $114.20 and its 200 day moving average price is $117.19.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping 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 business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the company earned $1.62 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. Research analysts forecast 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 was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is presently 31.45%.

Dell Technologies Profile

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).