Ritholtz Wealth Management Has $3.19 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Ritholtz Wealth Management decreased its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,636 shares of the technology company's stock after selling 2,499 shares during the quarter. Ritholtz Wealth Management's holdings in Dell Technologies were worth $3,185,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DELL. Clean Yield Group bought a new position in shares of Dell Technologies during the 3rd quarter worth approximately $25,000. True Wealth Design LLC boosted its stake in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock worth $31,000 after acquiring an additional 253 shares during the period. Nemes Rush Group LLC bought a new position in shares of Dell Technologies during the 2nd quarter worth approximately $33,000. MCF Advisors LLC boosted its stake in Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock valued at $34,000 after purchasing an additional 165 shares during the period. Finally, Covestor Ltd boosted its stake in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company's stock valued at $35,000 after purchasing an additional 218 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Melius Research boosted their price target on Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Citigroup reduced 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. Mizuho reduced their price target on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, November 27th. Evercore ISI restated an "outperform" rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company boosted 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. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $148.06.

Dell Technologies Stock Performance

Shares of Dell Technologies stock traded down $0.46 during trading on Friday, reaching $109.65. 6,331,153 shares of the company's stock were exchanged, compared to its average volume of 5,041,827. Dell Technologies Inc. has a 1-year low of $77.70 and a 1-year high of $179.70. The company has a market cap of $76.81 billion, a P/E ratio of 19.37, a PEG ratio of 1.21 and a beta of 0.92. The firm's 50-day moving average price is $123.00 and its 200 day moving average price is $120.29.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS 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 company had revenue of $24.37 billion during the quarter, compared to analysts' expectations of $24.67 billion. During the same quarter in the previous year, the firm earned $1.62 EPS. Dell Technologies's revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.62%. Dell Technologies's payout ratio is presently 31.45%.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the sale, the director now owns 810,657 shares of the company's stock, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 810,657 shares of the company's stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock valued at $115,573,009 in the last 90 days. Corporate insiders own 46.70% of the company's stock.

Dell Technologies 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).