Hennessy Advisors Inc. Acquires 4,200 Shares of Dell Technologies Inc. (NYSE:DELL)

Hennessy Advisors Inc. increased its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 116,500 shares of the technology company's stock after purchasing an additional 4,200 shares during the period. Hennessy Advisors Inc.'s holdings in Dell Technologies were worth $13,425,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DELL. Clean Yield Group bought a new position in shares of Dell Technologies in the 3rd quarter valued at $25,000. True Wealth Design LLC grew its position in 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 acquiring an additional 253 shares during the last quarter. Nemes Rush Group LLC acquired a new position in Dell Technologies during the second quarter worth about $33,000. MCF Advisors LLC lifted its holdings in shares of Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock worth $34,000 after acquiring an additional 165 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of 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 purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Trading Down 0.4 %

NYSE DELL traded down $0.46 on Friday, hitting $109.65. 5,603,141 shares of the company were exchanged, compared to its average volume of 7,079,074. The company has a market cap of $76.81 billion, a PE ratio of 19.37, a PEG ratio of 1.21 and a beta of 0.92. The stock has a fifty day moving average of $124.04 and a 200-day moving average of $120.75. Dell Technologies Inc. has a 12 month low of $77.70 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last released 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 net margin of 4.36% and a negative return on equity of 191.91%. The company 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 earned $1.62 EPS. The business's revenue was up 9.5% on a year-over-year basis. On average, analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued 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%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DELL. Melius Research increased 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. Deutsche Bank Aktiengesellschaft dropped their price target 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. Wells Fargo & Company boosted their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Barclays lifted their price target on Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Finally, Evercore ISI reiterated an "outperform" rating and issued a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $148.06.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now owns 236,419 shares of the company's stock, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 945,407 shares of company stock valued at $115,573,009. 46.70% of the stock is owned by company 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).