Argus Investors Counsel Inc. Trims Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Argus Investors Counsel Inc. trimmed its holdings in Dell Technologies Inc. (NYSE:DELL) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,698 shares of the technology company’s stock after selling 431 shares during the quarter. Argus Investors Counsel Inc.’s holdings in Dell Technologies were worth $541,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Clean Yield Group acquired a new stake in shares of Dell Technologies in the 3rd quarter worth $25,000. True Wealth Design LLC lifted its position in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the period. MCF Advisors LLC boosted its holdings 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 in the last quarter. Covestor Ltd increased its position in Dell Technologies by 290.7% during the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the transaction, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This represents a 3.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the transaction, the director now owns 777,347 shares in the company, valued at $97,386,032.16. This represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 946,132 shares of company stock valued at $115,660,009 over the last three months. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $104.55 on Thursday. The stock has a market capitalization of $73.23 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a 1-year low of $80.49 and a 1-year high of $179.70. The company has a 50 day moving average price of $115.66 and a 200 day moving average price of $117.57.

Dell Technologies (NYSE:DELL) last issued 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. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the previous year, the firm posted $1.62 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.70%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of recent analyst reports. 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 report on Monday, November 18th. Citigroup reduced their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Melius Research increased their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft decreased their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus 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).