Empower Advisory Group LLC Has $937,000 Holdings in Dell Technologies Inc. (NYSE:DELL)

Empower Advisory Group LLC lessened its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 23.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,135 shares of the technology company's stock after selling 2,429 shares during the period. Empower Advisory Group LLC's holdings in Dell Technologies were worth $937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Dell Technologies by 92.4% in the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company's stock worth $1,513,401,000 after acquiring an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Dell Technologies by 71.8% in the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock worth $746,596,000 after buying an additional 2,641,456 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Dell Technologies by 19,376.1% in the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company's stock worth $287,779,000 after buying an additional 2,415,234 shares during the last quarter. Swedbank AB lifted its position in shares of Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after buying an additional 1,690,709 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Dell Technologies by 5,047.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company's stock worth $131,170,000 after purchasing an additional 1,002,117 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Dell Technologies Trading Down 1.9 %

Shares of NYSE DELL traded down $2.23 during mid-day trading on Friday, hitting $117.66. The company had a trading volume of 5,654,105 shares, compared to its average volume of 8,291,970. The company has a market capitalization of $82.41 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The firm has a 50-day simple moving average of $113.12 and a two-hundred day simple moving average of $117.42. Dell Technologies Inc. has a one year low of $85.40 and a one year high of $179.70.

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. Sell-side analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies's payout ratio is currently 31.45%.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's 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 completion of the sale, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the sale, the chief financial officer now owns 228,419 shares of the company's stock, valued at $28,739,678.58. This trade represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 937,407 shares of company stock worth $114,418,186. Company insiders own 46.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. cut their price target on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Citigroup reduced their price objective on Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a report on Friday. Barclays upped their price objective on Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut their price target on Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a research note on Monday, December 2nd. Finally, Bank of America cut their price target on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.00.

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).