Atria Wealth Solutions Inc. Acquires 1,228 Shares of Dell Technologies Inc. (NYSE:DELL)

Atria Wealth Solutions Inc. boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,393 shares of the technology company’s stock after purchasing an additional 1,228 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Dell Technologies were worth $1,659,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DELL. State Street Corp increased its holdings in Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after purchasing an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC grew its stake in Dell Technologies by 71.8% in the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after acquiring an additional 2,641,456 shares during the period. Swedbank AB grew its stake in Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock valued at $219,084,000 after acquiring an additional 1,690,709 shares during the period. Franklin Resources Inc. grew its stake in Dell Technologies by 5,047.4% in the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock valued at $131,170,000 after acquiring an additional 1,002,117 shares during the period. Finally, Congress Asset Management Co. acquired a new stake in Dell Technologies in the fourth quarter valued at approximately $100,869,000. 76.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on DELL. Mizuho reduced their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. JPMorgan Chase & Co. cut their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft cut their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Barclays lifted their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Finally, OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $117.66 on Friday. Dell Technologies Inc. has a one year low of $85.40 and a one year high of $179.70. The business’s fifty day moving average price is $113.11 and its 200-day moving average price is $117.55. The stock has a market capitalization of $82.41 billion, a PE ratio of 20.79, a P/E/G ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly 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. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities analysts expect that Dell Technologies Inc. will post 6.93 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. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the sale, the chief financial officer now directly owns 228,419 shares in the company, valued at $28,739,678.58. This trade represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 937,407 shares of company stock valued at $114,418,186 in the last 90 days. Insiders own 46.70% of the company’s stock.

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).