Hennessy Advisors Inc. Acquires 4,200 Shares of Dell Technologies Inc. (NYSE:DELL)

Hennessy Advisors Inc. raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,500 shares of the technology company’s stock after buying an additional 4,200 shares during the period. Hennessy Advisors Inc.’s holdings in Dell Technologies were worth $13,425,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Clean Yield Group bought a new position in shares of Dell Technologies during the 3rd quarter valued at approximately $25,000. Nemes Rush Group LLC purchased a new position in Dell Technologies during the second quarter valued at approximately $33,000. True Wealth Design LLC boosted its position in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the period. Kimelman & Baird LLC bought a new stake in shares of Dell Technologies during the 2nd quarter valued at $37,000. Finally, Carolinas Wealth Consulting LLC lifted its stake in shares of Dell Technologies by 1,130.4% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 283 shares of the technology company’s stock valued at $39,000 after buying an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $110.17 on Friday. The stock has a 50 day moving average price of $124.04 and a 200-day moving average price of $120.75. Dell Technologies Inc. has a one year low of $76.90 and a one year high of $179.70. The stock has a market cap of $77.17 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the previous year, the business posted $1.62 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. Sell-side analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

DELL has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Citigroup decreased their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Mizuho dropped 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. Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Evercore ISI restated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s 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 transaction, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the sale, the director now directly 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 three months, insiders have sold 945,407 shares of company stock worth $115,573,009. 46.70% of the stock is currently owned by company insiders.

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).