Boyd Watterson Asset Management LLC OH Boosts Stock Position in Dell Technologies Inc. (NYSE:DELL)

Boyd Watterson Asset Management LLC OH boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 17.5% in the fourth quarter, Holdings Channel reports. The fund owned 3,887 shares of the technology company’s stock after purchasing an additional 579 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Dell Technologies were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Byrne Asset Management LLC purchased a new position in Dell Technologies during the fourth quarter worth about $28,000. True Wealth Design LLC increased its position in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the period. MCF Advisors LLC raised its stake in shares of Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after buying an additional 165 shares in the last quarter. Covestor Ltd boosted its stake in shares of Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after buying an additional 218 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after acquiring an additional 111 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Citigroup reduced their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday. Mizuho reduced 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. Morgan Stanley lowered their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Melius Research lifted their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Barclays upped their price target on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.00.

Dell Technologies Stock Performance

Dell Technologies stock opened at $117.66 on Friday. Dell Technologies Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $179.70. The stock has a fifty day moving average of $113.12 and a two-hundred day moving average of $117.42. The company has a market capitalization of $82.41 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.11 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 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 firm had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter last year, the business posted $1.62 EPS. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced 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. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.51%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s 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 sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 937,407 shares of company stock valued at $114,418,186. Company insiders own 46.70% of the company’s stock.

Dell Technologies 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).