Oak Thistle LLC Lowers Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Oak Thistle LLC lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 50.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,085 shares of the technology company's stock after selling 3,110 shares during the quarter. Oak Thistle LLC's holdings in Dell Technologies were worth $356,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its holdings in Dell Technologies by 10.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 63,304 shares of the technology company's stock valued at $8,730,000 after purchasing an additional 5,821 shares during the period. Moors & Cabot Inc. lifted its stake in Dell Technologies by 82.9% in the second quarter. Moors & Cabot Inc. now owns 6,111 shares of the technology company's stock valued at $843,000 after buying an additional 2,769 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Dell Technologies by 12.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 53,079 shares of the technology company's stock worth $7,320,000 after acquiring an additional 5,979 shares in the last quarter. Argent Trust Co boosted its stake in Dell Technologies by 95.8% in the 2nd quarter. Argent Trust Co now owns 7,265 shares of the technology company's stock worth $1,002,000 after purchasing an additional 3,555 shares during the period. Finally, Amalgamated Bank bought a new stake in shares of Dell Technologies in the second quarter valued at about $1,941,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Wells Fargo & Company raised their price target on Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Barclays boosted their target price on shares of 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 lowered their price target on Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a research report on Monday, December 2nd. Finally, Evercore ISI reiterated an "outperform" rating and set a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently 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 shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares of the company's stock, valued at $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 available at the SEC website. Also, 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 value of $95,903.00. Following the completion of the transaction, the director now owns 23,680 shares of the company's stock, valued at approximately $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 945,407 shares of company stock valued at $115,573,009. Company insiders own 46.70% of the company's stock.

Dell Technologies Price Performance

Shares of DELL traded down $0.46 during trading hours on Friday, hitting $109.65. 6,331,153 shares of the stock were exchanged, compared to its average volume of 7,215,200. The firm has a market capitalization of $76.81 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92. The business has a 50-day moving average of $123.00 and a 200-day moving average of $120.45. Dell Technologies Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company's revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 earnings per share. As a group, analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 31.45%.

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).