Avanza Fonder AB bought a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 33,814 shares of the technology company's stock, valued at approximately $3,897,000.
Other hedge funds also recently bought and sold shares of the company. Clean Yield Group acquired a new stake in shares of Dell Technologies during the third quarter worth about $25,000. Nemes Rush Group LLC acquired a new stake in Dell Technologies during the 2nd quarter worth approximately $33,000. True Wealth Design LLC boosted its position in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after buying an additional 253 shares during the period. Kimelman & Baird LLC acquired a new position in shares of Dell Technologies in the second quarter worth $37,000. Finally, Carolinas Wealth Consulting LLC increased its position in shares of Dell Technologies by 1,130.4% during the second quarter. Carolinas Wealth Consulting LLC now owns 283 shares of the technology company's stock worth $39,000 after acquiring an additional 260 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on DELL. Morgan Stanley boosted their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Mizuho reduced their target price on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their price target on Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a research note on Monday, December 2nd. Wells Fargo & Company boosted their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Finally, Barclays lifted their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and an average target price of $148.06.
Read Our Latest Research Report on Dell Technologies
Dell Technologies Stock Down 0.4 %
Shares of DELL stock traded down $0.46 during mid-day trading on Friday, hitting $109.65. 6,331,153 shares of the company's stock were exchanged, compared to its average volume of 5,041,827. The stock has a 50-day simple moving average of $123.00 and a two-hundred day simple moving average of $120.29. Dell Technologies Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $179.70. The stock has a market cap of $76.81 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.21 and a beta of 0.92.
Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.32. The business 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 company's revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.62 EPS. As a group, analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.
Dell Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.62%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies's dividend payout ratio (DPR) is 31.45%.
Insider Activity at Dell Technologies
In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now directly owns 23,680 shares of the company's stock, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 945,407 shares of company stock valued at $115,573,009. Insiders own 46.70% of the company's stock.
Dell Technologies Profile
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Free Report)
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).
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