InTrack Investment Management Inc lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 150.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,516 shares of the technology company's stock after buying an additional 8,113 shares during the quarter. Dell Technologies comprises about 1.0% of InTrack Investment Management Inc's holdings, making the stock its 29th biggest holding. InTrack Investment Management Inc's holdings in Dell Technologies were worth $1,474,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group raised its position in Dell Technologies by 18.7% in the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock valued at $70,000 after purchasing an additional 96 shares during the last quarter. Merit Financial Group LLC purchased a new stake in Dell Technologies in the 4th quarter valued at $417,000. Avanza Fonder AB purchased a new stake in Dell Technologies in the 4th quarter valued at $3,897,000. Hennessy Advisors Inc. raised its position in Dell Technologies by 3.7% in the 4th quarter. Hennessy Advisors Inc. now owns 116,500 shares of the technology company's stock valued at $13,425,000 after purchasing an additional 4,200 shares during the last quarter. Finally, KMG Fiduciary Partners LLC raised its position in Dell Technologies by 17.0% in the 4th quarter. KMG Fiduciary Partners LLC now owns 22,417 shares of the technology company's stock valued at $2,583,000 after purchasing an additional 3,249 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.
Dell Technologies Stock Performance
NYSE DELL traded down $0.46 during trading hours on Friday, reaching $109.65. The company's stock had a trading volume of 6,331,153 shares, compared to its average volume of 5,041,827. The stock 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. Dell Technologies Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $179.70. The company's 50-day moving average is $123.00 and its two-hundred day moving average is $120.45.
Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion for 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 firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $1.62 EPS. Equities analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.
Dell Technologies Dividend Announcement
The business also recently disclosed 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. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.62%. Dell Technologies's payout ratio is currently 31.45%.
Insider Transactions at Dell Technologies
In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now owns 23,680 shares of the company's stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The sale 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 that occurred on 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 directly owns 236,419 shares of the company's stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock worth $115,573,009 in the last three months. Company insiders own 46.70% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Melius Research upped their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Mizuho cut their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Barclays upped their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Finally, Citigroup cut their price objective 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 investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $148.06.
View Our Latest Analysis on Dell Technologies
Dell Technologies Profile
(
Free Report)
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).
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