Perigon Wealth Management LLC Increases Stock Position in Dell Technologies Inc. (NYSE:DELL)

Perigon Wealth Management LLC increased its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 48.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,610 shares of the technology company's stock after buying an additional 4,134 shares during the quarter. Perigon Wealth Management LLC's holdings in Dell Technologies were worth $1,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Marshall Wace LLP bought a new position in shares of Dell Technologies in the second quarter valued at approximately $470,000. The Manufacturers Life Insurance Company grew its stake in Dell Technologies by 9.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company's stock valued at $3,111,000 after purchasing an additional 1,902 shares during the period. Creative Planning increased its position in shares of Dell Technologies by 112.0% during the 2nd quarter. Creative Planning now owns 84,744 shares of the technology company's stock valued at $11,687,000 after purchasing an additional 44,763 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Dell Technologies by 15.6% during the 2nd quarter. NewEdge Advisors LLC now owns 35,168 shares of the technology company's stock worth $4,850,000 after purchasing an additional 4,755 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its position in Dell Technologies by 84.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 24,370 shares of the technology company's stock valued at $3,361,000 after buying an additional 11,145 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 2.3 %

Shares of Dell Technologies stock traded up $2.33 during trading on Thursday, hitting $105.43. The stock had a trading volume of 7,786,737 shares, compared to its average volume of 8,491,606. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70. The firm has a market cap of $73.85 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 1.22 and a beta of 0.92. The business's 50-day moving average is $118.81 and its 200 day moving average is $118.40.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $24.67 billion. During the same period in the prior year, the company earned $1.62 EPS. The company's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 1.69%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies's payout ratio is 31.45%.

Analysts Set New Price Targets

DELL has been the topic of a number of research analyst reports. Mizuho dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Morgan Stanley boosted their target price on Dell Technologies from $136.00 to $154.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Citigroup cut their price target on Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Finally, Melius Research boosted their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $148.06.

Insider Activity

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares of the company's stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 946,132 shares of company stock worth $115,660,009. 46.70% of the stock is currently owned by corporate 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).