Dynamic Advisor Solutions LLC Raises Stock Position in Dell Technologies Inc. (NYSE:DELL)

Dynamic Advisor Solutions LLC increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 86.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,559 shares of the technology company’s stock after purchasing an additional 1,647 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Dell Technologies were worth $410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in shares of Dell Technologies in the 2nd quarter valued at about $470,000. Toronto Dominion Bank increased its position in Dell Technologies by 10.1% during the second quarter. Toronto Dominion Bank now owns 25,546 shares of the technology company’s stock worth $3,523,000 after buying an additional 2,340 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Dell Technologies by 9.2% in the second quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company’s stock valued at $3,111,000 after buying an additional 1,902 shares during the last quarter. Creative Planning boosted its holdings in shares of Dell Technologies by 112.0% in the second quarter. Creative Planning now owns 84,744 shares of the technology company’s stock valued at $11,687,000 after acquiring an additional 44,763 shares during the period. Finally, Nemes Rush Group LLC purchased a new position in shares of Dell Technologies during the second quarter worth approximately $33,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DELL has been the subject of a number of recent research reports. Morgan Stanley increased their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Melius Research raised their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating 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 company an “overweight” rating in a research note on Monday, November 18th. Citigroup lowered 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. Finally, Mizuho cut 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. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $148.06.

Insiders Place Their Bets

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 946,132 shares of company stock valued at $115,660,009. Insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 8.7 %

NYSE:DELL opened at $103.86 on Tuesday. 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 $72.75 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. The company’s 50-day moving average is $120.76 and its two-hundred day moving average is $119.04.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.62 earnings per share. On average, equities research analysts forecast 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. Investors of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.71%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

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).