Parcion Private Wealth LLC Sells 6,092 Shares of Dell Technologies Inc. (NYSE:DELL)

Parcion Private Wealth LLC trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 73.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,247 shares of the technology company's stock after selling 6,092 shares during the period. Parcion Private Wealth LLC's holdings in Dell Technologies were worth $259,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Burns J W & Co. Inc. NY acquired a new position in Dell Technologies in the fourth quarter valued at approximately $1,272,000. iA Global Asset Management Inc. lifted its stake in Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company's stock valued at $1,345,000 after buying an additional 5,203 shares during the last quarter. National Pension Service boosted its holdings in shares of Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company's stock valued at $73,543,000 after acquiring an additional 50,304 shares during the period. Sky Investment Group LLC bought a new stake in Dell Technologies in the 4th quarter valued at about $1,687,000. Finally, Enclave Advisors LLC bought a new position in Dell Technologies in the 4th quarter worth about $848,000. 76.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction that occurred on Monday, December 16th. 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 represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares of the company's stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 937,407 shares of company stock worth $114,418,186. Corporate insiders own 46.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on DELL shares. Bank of America lowered their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. dropped their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Citigroup decreased their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating for the company in a report on Friday. Melius Research boosted their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Finally, OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.00.

Dell Technologies Price Performance

Dell Technologies stock traded down $2.23 during trading hours on Friday, hitting $117.66. The company had a trading volume of 4,586,517 shares, compared to its average volume of 8,242,166. The firm's fifty day moving average is $113.12 and its 200-day moving average is $117.42. The firm has a market capitalization of $82.41 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $85.40 and a fifty-two week 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $24.67 billion. During the same period last year, the company earned $1.62 earnings per share. Dell Technologies's quarterly revenue was up 9.5% compared to the same quarter last year. Analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 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).