True Vision MN LLC Decreases Stock Position in Dell Technologies Inc. (NYSE:DELL)

True Vision MN LLC reduced its stake in Dell Technologies Inc. (NYSE:DELL) by 1.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,672 shares of the technology company’s stock after selling 105 shares during the period. True Vision MN LLC’s holdings in Dell Technologies were worth $654,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DELL. Dynamic Advisor Solutions LLC bought a new stake in Dell Technologies in the 3rd quarter worth $227,000. Brookstone Capital Management raised its stake in Dell Technologies by 61.0% in the third quarter. Brookstone Capital Management now owns 3,029 shares of the technology company’s stock worth $359,000 after buying an additional 1,148 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Dell Technologies by 361.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,623 shares of the technology company’s stock worth $311,000 after buying an additional 2,054 shares during the period. Valeo Financial Advisors LLC grew its holdings in shares of Dell Technologies by 75.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 8,165 shares of the technology company’s stock worth $968,000 after acquiring an additional 3,500 shares during the period. Finally, Carnegie Investment Counsel raised its position in shares of Dell Technologies by 1,556.2% in the 3rd quarter. Carnegie Investment Counsel now owns 57,753 shares of the technology company’s stock worth $6,846,000 after acquiring an additional 54,266 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $112.30 on Tuesday. The company has a market cap of $78.66 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 0.91 and a beta of 0.90. The firm has a fifty day moving average price of $114.47 and a 200-day moving average price of $117.19. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion during 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%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.62 EPS. Equities research analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.59%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction 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 sale, the director now owns 23,680 shares in the company, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 946,132 shares of company stock worth $115,660,009 over the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Mizuho dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut 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. Wells Fargo & Company raised their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Citigroup decreased their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Finally, Barclays increased their price target on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently 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).