Citizens National Bank Trust Department Increases Position in Dell Technologies Inc. (NYSE:DELL)

Citizens National Bank Trust Department increased its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 21.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,289 shares of the technology company's stock after purchasing an additional 3,448 shares during the quarter. Citizens National Bank Trust Department's holdings in Dell Technologies were worth $2,223,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Intrepid Financial Planning Group LLC boosted its holdings in shares of Dell Technologies by 0.7% in the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company's stock worth $1,423,000 after buying an additional 80 shares during the last quarter. Smithfield Trust Co grew its position in shares of Dell Technologies by 8.0% during the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company's stock valued at $134,000 after acquiring an additional 84 shares during the period. Graypoint LLC raised its holdings in Dell Technologies by 4.3% in the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company's stock worth $247,000 after purchasing an additional 86 shares during the period. ASB Consultores LLC lifted its position in Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company's stock valued at $236,000 after purchasing an additional 87 shares in the last quarter. Finally, Equitable Trust Co. increased its position in Dell Technologies by 3.1% in the third quarter. Equitable Trust Co. now owns 2,942 shares of the technology company's stock worth $349,000 after buying an additional 88 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Down 1.9 %

Dell Technologies stock traded down $2.23 during midday trading on Friday, reaching $117.66. The stock had a trading volume of 4,586,517 shares, compared to its average volume of 8,242,166. Dell Technologies Inc. has a 52-week low of $85.40 and a 52-week high of $179.70. The firm has a market cap of $82.41 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The company has a fifty day moving average of $113.12 and a 200 day moving average of $117.42.

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 analysts' consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter last year, the business posted $1.62 EPS. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. Equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced 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 dividend yield of 1.51%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies's dividend payout ratio is 31.45%.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company's stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on 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 directly owns 228,419 shares in the company, valued at $28,739,678.58. This trade represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 937,407 shares of company stock valued at $114,418,186. 46.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DELL has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Evercore ISI reiterated an "outperform" rating and issued a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Melius Research raised their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Finally, Citigroup lowered their price objective on Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus 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).