Golden State Equity Partners Buys 7,686 Shares of Dell Technologies Inc. (NYSE:DELL)

Golden State Equity Partners boosted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 1,754.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,124 shares of the technology company's stock after buying an additional 7,686 shares during the period. Golden State Equity Partners' holdings in Dell Technologies were worth $936,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DELL. Clean Yield Group acquired a new position in Dell Technologies during the 3rd quarter valued at about $25,000. True Wealth Design LLC lifted its holdings in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after purchasing an additional 253 shares in the last quarter. MCF Advisors LLC grew its holdings in Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock worth $34,000 after buying an additional 165 shares in the last quarter. Covestor Ltd raised its position in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company's stock valued at $35,000 after buying an additional 218 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock worth $36,000 after acquiring an additional 111 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on DELL. Mizuho dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 27th. 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 report on Monday, December 2nd. Melius Research upped their target price on Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Morgan Stanley lifted their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Finally, Barclays raised their target price on Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $148.06.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company's stock, valued at $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction 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 directly owns 228,419 shares of the company's stock, valued at $28,739,678.58. This represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 946,132 shares of company stock valued at $115,660,009. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Stock Performance

DELL stock traded up $2.88 during midday trading on Wednesday, reaching $104.55. 7,895,482 shares of the company's stock traded hands, compared to its average volume of 8,470,639. Dell Technologies Inc. has a 52 week low of $80.49 and a 52 week high of $179.70. The company has a 50-day moving average price of $115.66 and a two-hundred day moving average price of $117.57. The firm has a market capitalization of $73.23 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

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

Dell Technologies Announces Dividend

The company also recently declared 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 yield of 1.70%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies's payout ratio is 31.45%.

Dell Technologies 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).