37,564 Shares in Dell Technologies Inc. (NYSE:DELL) Bought by Ellsworth Advisors LLC

Ellsworth Advisors LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,564 shares of the technology company's stock, valued at approximately $4,329,000.

Several other large investors have also bought and sold shares of the business. Burns J W & Co. Inc. NY bought a new position in Dell Technologies during the fourth quarter worth about $1,272,000. iA Global Asset Management Inc. grew its holdings in Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company's stock valued at $1,345,000 after purchasing an additional 5,203 shares during the period. National Pension Service increased its stake in Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company's stock valued at $73,543,000 after purchasing an additional 50,304 shares in the last quarter. Woodmont Investment Counsel LLC acquired a new stake in Dell Technologies in the third quarter worth $5,780,000. Finally, Retirement Systems of Alabama bought a new position in shares of Dell Technologies during the third quarter worth $7,435,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Down 0.4 %

Shares of NYSE:DELL traded down $0.46 during midday trading on Monday, hitting $109.65. The stock had a trading volume of 6,331,153 shares, compared to its average volume of 5,041,827. The business's 50-day simple moving average is $123.00 and its 200-day simple moving average is $120.13. Dell Technologies Inc. has a 12 month low of $77.70 and a 12 month high of $179.70. The company has a market cap of $76.81 billion, a P/E ratio of 19.37, a PEG ratio of 1.21 and a beta of 0.92.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly 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 firm had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The business's revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.62%. Dell Technologies's dividend payout ratio is currently 31.45%.

Insiders Place Their Bets

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following 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 945,407 shares of company stock worth $115,573,009 over the last three months. Insiders own 46.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on DELL. Citigroup dropped their price objective on Dell Technologies from $160.00 to $156.00 and set a "buy" rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company lifted their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a research report on Monday, December 2nd. Barclays lifted their price target 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. Finally, Melius Research increased their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $148.06.

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).