Dell Technologies Inc. (NYSE:DELL) Shares Acquired by HCR Wealth Advisors

HCR Wealth Advisors boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,347 shares of the technology company’s stock after acquiring an additional 425 shares during the period. HCR Wealth Advisors’ holdings in Dell Technologies were worth $1,769,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DELL. Advisors Management Group Inc. ADV boosted its stake in Dell Technologies by 5.8% during the fourth quarter. Advisors Management Group Inc. ADV now owns 19,114 shares of the technology company’s stock worth $2,203,000 after buying an additional 1,043 shares during the period. Burney Co. purchased a new position in shares of Dell Technologies during the 4th quarter worth approximately $1,779,000. Meyer Handelman Co. increased its holdings in Dell Technologies by 41.6% in the 4th quarter. Meyer Handelman Co. now owns 56,959 shares of the technology company’s stock valued at $6,564,000 after purchasing an additional 16,741 shares during the last quarter. Clarus Wealth Advisors raised its position in Dell Technologies by 15.7% in the fourth quarter. Clarus Wealth Advisors now owns 7,191 shares of the technology company’s stock valued at $792,000 after purchasing an additional 975 shares during the period. Finally, Park Avenue Securities LLC boosted its position in shares of Dell Technologies by 33.8% during the fourth quarter. Park Avenue Securities LLC now owns 4,395 shares of the technology company’s stock worth $506,000 after buying an additional 1,110 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

DELL opened at $109.19 on Thursday. Dell Technologies Inc. has a one year low of $76.90 and a one year high of $179.70. The stock has a market capitalization of $76.48 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 1.25 and a beta of 0.92. The business’s 50-day simple moving average is $124.62 and its 200-day simple moving average is $120.83.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 earnings per share. On average, equities research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.63%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Analyst Ratings Changes

DELL has been the topic of several research analyst reports. Melius Research boosted 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. Citigroup reduced their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Mizuho dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Evercore ISI reiterated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $148.06.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was 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 in the company, valued at $3,132,390.40. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction on 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 completion of the transaction, the director now owns 810,657 shares in the company, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 945,407 shares of company stock valued at $115,573,009. Insiders own 46.70% of the company’s stock.

Dell Technologies Company 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).