bLong Financial LLC Invests $847,000 in Dell Technologies Inc. (NYSE:DELL)

bLong Financial LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,347 shares of the technology company's stock, valued at approximately $847,000. Dell Technologies comprises approximately 0.7% of bLong Financial LLC's portfolio, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth approximately $28,000. True Wealth Design LLC raised 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 worth $31,000 after purchasing an additional 253 shares during the last quarter. MCF Advisors LLC lifted its holdings in Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock worth $34,000 after buying an additional 165 shares in the last quarter. Covestor Ltd boosted its position in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company's stock valued at $35,000 after buying an additional 218 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of 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 during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DELL. Citigroup decreased their price target on Dell Technologies from $160.00 to $156.00 and set a "buy" rating on the stock in a report on Wednesday, November 27th. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Bank of America cut their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday. Morgan Stanley cut their price target on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Finally, Melius Research lifted their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $145.65.

Dell Technologies Price Performance

Shares of DELL traded up $0.62 during mid-day trading on Wednesday, hitting $120.96. 6,719,004 shares of the company's stock were exchanged, compared to its average volume of 8,461,887. The company has a market cap of $84.73 billion, a PE ratio of 21.37, a P/E/G ratio of 1.00 and a beta of 0.90. Dell Technologies Inc. has a 52 week low of $80.49 and a 52 week high of $179.70. The company has a 50-day simple moving average of $113.06 and a 200 day simple moving average of $117.38.

Dell Technologies (NYSE:DELL - Get Free Report) last announced 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 company had revenue of $24.37 billion during the quarter, compared to analysts' expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. Dell Technologies's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.62 EPS. On average, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current 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 given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 31.45%.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the transaction, the director now directly owns 777,347 shares in the company, valued at approximately $97,386,032.16. This represents a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 945,407 shares of company stock worth $115,564,106 in the last ninety days. Insiders own 46.70% of the company's stock.

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).