Carnegie Investment Counsel Raises Position in Dell Technologies Inc. (NYSE:DELL)

Carnegie Investment Counsel boosted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 40.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,330 shares of the technology company's stock after acquiring an additional 23,577 shares during the quarter. Carnegie Investment Counsel's holdings in Dell Technologies were worth $9,372,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its position in shares of Dell Technologies by 10.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 63,304 shares of the technology company's stock worth $8,730,000 after acquiring an additional 5,821 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Dell Technologies by 82.9% during the second quarter. Moors & Cabot Inc. now owns 6,111 shares of the technology company's stock worth $843,000 after purchasing an additional 2,769 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Dell Technologies by 12.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 53,079 shares of the technology company's stock worth $7,320,000 after buying an additional 5,979 shares during the last quarter. Argent Trust Co boosted its holdings in shares of Dell Technologies by 95.8% in the 2nd quarter. Argent Trust Co now owns 7,265 shares of the technology company's stock valued at $1,002,000 after buying an additional 3,555 shares in the last quarter. Finally, Amalgamated Bank purchased a new stake in Dell Technologies in the second quarter valued at $1,941,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Trading Down 0.4 %

Shares of NYSE:DELL traded down $0.46 on Friday, reaching $109.65. 6,331,153 shares of the company were exchanged, compared to its average volume of 7,215,200. Dell Technologies Inc. has a 1-year low of $77.70 and a 1-year high of $179.70. The company has a 50-day moving average of $123.00 and a 200-day moving average of $120.45. The firm has a market cap of $76.81 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 4.36% and a negative return on equity of 191.91%. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $1.62 earnings per share. As a group, analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on DELL shares. Wells Fargo & Company lifted their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, December 2nd. Barclays raised their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Citigroup decreased their price target on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $148.06.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now owns 810,657 shares of the company's stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now directly owns 23,680 shares of the company's stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 945,407 shares of company stock valued at $115,573,009 in the last 90 days. 46.70% of the stock is currently owned by insiders.

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).