Union Bancaire Privee UBP SA Takes Position in Dell Technologies Inc. (NYSE:DELL)

Union Bancaire Privee UBP SA acquired a new position in Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 38,290 shares of the technology company’s stock, valued at approximately $4,131,000.

A number of other large investors also recently added to or reduced their stakes in the business. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $28,000. True Wealth Design LLC boosted its position 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 purchasing an additional 253 shares in the last quarter. MCF Advisors LLC increased its position in shares of 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 buying an additional 165 shares in the last quarter. 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 worth $35,000 after buying an additional 218 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of DELL stock opened at $117.66 on Friday. Dell Technologies Inc. has a 52-week low of $85.40 and a 52-week high of $179.70. The stock has a market cap of $82.41 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.10 and a beta of 0.90. The firm’s 50-day moving average is $113.11 and its 200-day moving average is $117.71.

Dell Technologies (NYSE:DELL) last posted its earnings results 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 period in the previous year, the firm earned $1.62 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now directly 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 937,407 shares of company stock worth $114,418,186. Company insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

DELL has been the subject of several research analyst reports. Mizuho decreased their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. lowered their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Finally, Citigroup reduced their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.00.

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).