Parsons Capital Management Inc. RI Has $2.30 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

Parsons Capital Management Inc. RI boosted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 71.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,953 shares of the technology company's stock after purchasing an additional 8,315 shares during the quarter. Parsons Capital Management Inc. RI's holdings in Dell Technologies were worth $2,299,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its stake in Dell Technologies by 65.9% in the 4th quarter. Pacer Advisors Inc. now owns 35,453 shares of the technology company's stock valued at $4,086,000 after buying an additional 14,081 shares in the last quarter. KBC Group NV lifted its position in shares of Dell Technologies by 633.8% in the fourth quarter. KBC Group NV now owns 831,524 shares of the technology company's stock valued at $95,825,000 after acquiring an additional 718,214 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Dell Technologies during the fourth quarter valued at $4,131,000. Blue Trust Inc. raised its stake in Dell Technologies by 47.4% in the 4th quarter. Blue Trust Inc. now owns 2,077 shares of the technology company's stock valued at $246,000 after purchasing an additional 668 shares during the last quarter. Finally, PFG Investments LLC lifted its holdings in Dell Technologies by 17.0% in the 4th quarter. PFG Investments LLC now owns 12,674 shares of the technology company's stock valued at $1,461,000 after purchasing an additional 1,841 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Stock Down 2.4 %

NYSE DELL traded down $2.44 on Tuesday, hitting $101.40. The stock had a trading volume of 15,020,703 shares, compared to its average volume of 8,539,472. Dell Technologies Inc. has a one year low of $80.49 and a one year high of $179.70. The stock has a market cap of $71.02 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 1.22 and a beta of 0.92. The company's 50-day moving average is $120.12 and its two-hundred day moving average is $118.78.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the previous year, the business earned $1.62 EPS. The company's quarterly revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies's dividend payout ratio is currently 31.45%.

Analyst Upgrades and Downgrades

DELL has been the subject of several recent analyst reports. Morgan Stanley lifted their target price 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. Barclays increased their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Melius Research upped their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Citigroup decreased their target price on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.06.

Insider Buying and Selling at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 946,132 shares of company stock worth $115,660,009 over the last 90 days. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Company 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).