Hennion & Walsh Asset Management Inc. Raises Position in Dell Technologies Inc. (NYSE:DELL)

Hennion & Walsh Asset Management Inc. lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 40.6% in the 4th quarter, HoldingsChannel reports. The firm owned 34,862 shares of the technology company’s stock after acquiring an additional 10,060 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Dell Technologies were worth $4,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Clean Yield Group bought a new position in shares of Dell Technologies in the third quarter worth about $25,000. Nemes Rush Group LLC purchased a new stake in Dell Technologies in the 2nd quarter worth approximately $33,000. True Wealth Design LLC raised its stake in 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. Kimelman & Baird LLC purchased a new position in Dell Technologies during the second quarter valued at approximately $37,000. Finally, Carolinas Wealth Consulting LLC boosted its position in shares of Dell Technologies by 1,130.4% in the second quarter. Carolinas Wealth Consulting LLC now owns 283 shares of the technology company’s stock worth $39,000 after purchasing an additional 260 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders sold 945,407 shares of company stock worth $115,573,009 over the last three months. Insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Mizuho decreased their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Wells Fargo & Company upped their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Melius Research lifted their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley upped their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Trading Up 0.9 %

NYSE DELL opened at $110.17 on Friday. The company has a fifty day simple moving average of $124.04 and a two-hundred day simple moving average of $120.75. Dell Technologies Inc. has a 12-month low of $76.90 and a 12-month high of $179.70. The stock has a market cap of $77.17 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.21 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business earned $1.62 earnings per share. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

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 given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

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).