Dell Technologies Inc. (NYSE:DELL) Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 10.7% in the fourth quarter, Holdings Channel reports. The firm owned 6,504 shares of the technology company’s stock after selling 778 shares during the period. Raleigh Capital Management Inc.’s holdings in Dell Technologies were worth $750,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Burns J W & Co. Inc. NY acquired a new stake in shares of Dell Technologies in the fourth quarter worth approximately $1,272,000. iA Global Asset Management Inc. lifted its holdings in Dell Technologies by 84.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after purchasing an additional 5,203 shares in the last quarter. National Pension Service boosted its stake in Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after purchasing an additional 50,304 shares during the last quarter. Sky Investment Group LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth $1,687,000. Finally, Woodmont Investment Counsel LLC acquired a new stake in shares of Dell Technologies in the third quarter valued at about $5,780,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Up 3.1 %

NYSE:DELL opened at $114.99 on Thursday. Dell Technologies Inc. has a 52 week low of $80.49 and a 52 week high of $179.70. The stock’s fifty day moving average is $121.53 and its two-hundred day moving average is $119.67. The stock has a market capitalization of $80.55 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.18 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the business posted $1.62 EPS. On average, sell-side analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm 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 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 yield of 1.55%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Buying and Selling at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies 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 completion of the transaction, the director now owns 810,657 shares in the company, valued at $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 945,407 shares of company stock valued at $115,573,009 in the last 90 days. Company insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DELL. Mizuho dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Barclays increased their price target on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Wells Fargo & Company boosted 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. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target 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. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $148.06.

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).