Gladstone Institutional Advisory LLC Grows Holdings in Dell Technologies Inc. (NYSE:DELL)

Gladstone Institutional Advisory LLC lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 17.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,656 shares of the technology company’s stock after acquiring an additional 1,414 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Dell Technologies were worth $1,113,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Burns J W & Co. Inc. NY bought a new position in Dell Technologies during the fourth quarter valued at approximately $1,272,000. iA Global Asset Management Inc. grew its holdings in shares of Dell Technologies by 84.7% during 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 during the last quarter. National Pension Service raised its position in Dell Technologies by 8.8% in 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 period. Sky Investment Group LLC bought a new stake in Dell Technologies in the fourth quarter worth $1,687,000. Finally, Enclave Advisors LLC purchased a new stake in Dell Technologies during the fourth quarter valued at about $848,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DELL. Mizuho lowered their target price 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. Barclays boosted their price objective on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Melius Research raised their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Evercore ISI reiterated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.94.

Dell Technologies Trading Down 2.3 %

DELL opened at $110.31 on Friday. Dell Technologies Inc. has a 12-month low of $80.49 and a 12-month high of $179.70. The company has a market cap of $77.27 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 0.91 and a beta of 0.90. The stock has a fifty day simple moving average of $113.66 and a two-hundred day simple moving average of $117.15.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (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 net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted $1.62 EPS. On average, analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the completion of the sale, the chief financial officer now directly owns 228,419 shares in the company, valued at approximately $28,739,678.58. This trade represents a 3.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 945,407 shares of company stock worth $115,564,106. 46.70% of the stock is owned by insiders.

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).