Ibex Wealth Advisors Purchases Shares of 2,766 Dell Technologies Inc. (NYSE:DELL)

Ibex Wealth Advisors purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,766 shares of the technology company's stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its position in 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 buying an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Dell Technologies by 71.8% during the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock worth $746,596,000 after acquiring an additional 2,641,456 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company's stock worth $287,779,000 after acquiring an additional 2,415,234 shares during the last quarter. Alkeon Capital Management LLC boosted its stake in shares of Dell Technologies by 48.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company's stock valued at $254,479,000 after purchasing an additional 699,204 shares in the last quarter. Finally, Swedbank AB raised its position in Dell Technologies by 803.6% in the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after purchasing an additional 1,690,709 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Up 1.7 %

Shares of Dell Technologies stock traded up $1.73 during trading on Thursday, reaching $104.83. The company's stock had a trading volume of 3,680,589 shares, compared to its average volume of 8,260,084. The company has a 50-day simple moving average of $118.81 and a two-hundred day simple moving average of $118.40. The company has a market cap of $73.43 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 1.22 and a beta of 0.92. Dell Technologies Inc. has a 1-year low of $80.49 and a 1-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 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to analysts' expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 EPS. As a group, analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.70%. Dell Technologies's payout ratio is 31.45%.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of analyst reports. Evercore ISI reiterated an "outperform" rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Melius Research boosted their target price on Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Barclays lifted their price target on shares of Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Finally, Citigroup dropped their target price on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and an average target price of $148.06.

Insider Buying and Selling at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares of the company's stock, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction on Wednesday, January 22nd. The stock was 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 owns 23,680 shares of the company's stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. 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 quarter. 46.70% of the stock is currently owned by company insiders.

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).