Burney Co. Invests $1.78 Million in Dell Technologies Inc. (NYSE:DELL)

Burney Co. purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,438 shares of the technology company's stock, valued at approximately $1,779,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clean Yield Group purchased a new position in shares of Dell Technologies during the third quarter valued at approximately $25,000. Nemes Rush Group LLC bought a new position in Dell Technologies during the 2nd quarter valued at approximately $33,000. True Wealth Design LLC raised its stake in Dell Technologies by 2,530.0% during the third 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 last quarter. Kimelman & Baird LLC bought a new stake in Dell Technologies in the second quarter worth $37,000. Finally, Carolinas Wealth Consulting LLC grew its stake in shares of Dell Technologies by 1,130.4% in 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 last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

Shares of NYSE:DELL traded up $0.94 during midday trading on Thursday, hitting $110.17. The company had a trading volume of 6,067,514 shares, compared to its average volume of 7,303,308. Dell Technologies Inc. has a 12-month low of $76.90 and a 12-month high of $179.70. The company has a fifty day moving average of $124.04 and a two-hundred day moving average of $120.75. The company has a market cap of $77.17 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.21 and a beta of 0.92.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS 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 business had revenue of $24.37 billion during the quarter, compared to analysts' expectations of $24.67 billion. During the same quarter in the prior year, the business posted $1.62 earnings per share. The business's quarterly revenue was up 9.5% on a year-over-year basis. Research analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a research note on Monday, December 2nd. Barclays raised 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 report on Wednesday, November 27th. Mizuho decreased 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. Finally, Melius Research increased their target price on Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research note 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $148.06.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction dated 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 transaction, the director now directly owns 810,657 shares of the company's stock, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 945,407 shares of company stock worth $115,573,009. Corporate insiders own 46.70% of the company's stock.

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).