Global Retirement Partners LLC Decreases Stake in Dell Technologies Inc. (NYSE:DELL)

Global Retirement Partners LLC lessened its position in shares of Dell Technologies Inc. (NYSE:DELL) by 29.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,033 shares of the technology company’s stock after selling 1,647 shares during the quarter. Global Retirement Partners LLC’s holdings in Dell Technologies were worth $465,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Byrne Asset Management LLC bought a new stake in Dell Technologies in the fourth quarter worth $28,000. True Wealth Design LLC grew its stake in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares in the last quarter. MCF Advisors LLC raised its position 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 valued at $34,000 after buying an additional 165 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after acquiring an additional 218 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake 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 last quarter. Institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 937,407 shares of company stock worth $114,418,186 in the last three months. 46.70% of the stock is owned by insiders.

Dell Technologies Trading Down 1.9 %

Shares of Dell Technologies stock opened at $117.66 on Monday. Dell Technologies Inc. has a 12 month low of $85.40 and a 12 month high of $179.70. The stock’s fifty day moving average price is $113.11 and its 200-day moving average price is $117.92. The firm has a market cap of $82.41 billion, a P/E ratio of 20.79, a P/E/G ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The business 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 company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.62 EPS. Analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DELL. Mizuho dropped their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Morgan Stanley dropped their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Bank of America reduced their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Evercore ISI reissued an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $145.00.

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).