Allworth Financial LP Buys 2,871 Shares of Dell Technologies Inc. (NYSE:DELL)

Allworth Financial LP lifted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 60.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,607 shares of the technology company's stock after acquiring an additional 2,871 shares during the period. Allworth Financial LP's holdings in Dell Technologies were worth $876,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Principal Securities Inc. increased its position in shares of Dell Technologies by 53.5% in the fourth quarter. Principal Securities Inc. now owns 8,900 shares of the technology company's stock worth $1,026,000 after acquiring an additional 3,102 shares in the last quarter. Quantum Private Wealth LLC purchased a new position in Dell Technologies during the fourth quarter valued at approximately $226,000. bLong Financial LLC purchased a new position in Dell Technologies during the fourth quarter valued at approximately $847,000. Congress Asset Management Co. purchased a new position in Dell Technologies during the fourth quarter valued at approximately $100,869,000. Finally, Manchester Capital Management LLC grew its position in Dell Technologies by 6.9% during the fourth quarter. Manchester Capital Management LLC now owns 3,977 shares of the technology company's stock valued at $458,000 after purchasing an additional 256 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Down 1.8 %

NYSE:DELL traded down $2.11 during trading hours on Friday, hitting $117.78. 3,172,342 shares of the company traded hands, compared to its average volume of 8,210,728. The stock has a market capitalization of $82.50 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 1.11 and a beta of 0.90. Dell Technologies Inc. has a twelve month low of $85.40 and a twelve month high of $179.70. The firm has a 50-day moving average of $113.12 and a 200 day moving average of $117.42.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analysts' expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.62 EPS. Equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 31.45%.

Insider Buying and Selling at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were 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 owns 228,419 shares of the company's stock, valued at approximately $28,739,678.58. This represents a 3.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company's stock in a transaction dated 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 completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % 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. 46.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of research analyst reports. Citigroup lowered their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday. Evercore ISI reaffirmed an "outperform" rating and set a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Mizuho lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 27th. JPMorgan Chase & Co. reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company lifted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and an average target price of $145.00.

About Dell Technologies

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).