ARS Investment Partners LLC Has $1.45 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

ARS Investment Partners LLC increased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 19.5% in the 4th quarter, HoldingsChannel reports. The firm owned 12,545 shares of the technology company’s stock after acquiring an additional 2,050 shares during the quarter. ARS Investment Partners LLC’s holdings in Dell Technologies were worth $1,446,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DELL. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies in the fourth quarter worth about $1,272,000. iA Global Asset Management Inc. lifted its holdings in shares of Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after acquiring an additional 5,203 shares during the last quarter. National Pension Service grew its holdings in Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after acquiring an additional 50,304 shares during the last quarter. Woodmont Investment Counsel LLC bought a new stake in Dell Technologies during the 3rd quarter worth approximately $5,780,000. Finally, Retirement Systems of Alabama bought a new stake in shares of Dell Technologies in the 3rd quarter valued at $7,435,000. Institutional investors own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DELL. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Barclays boosted their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Mizuho lowered their price objective 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. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Stock Down 0.4 %

DELL opened at $109.65 on Tuesday. The company has a market capitalization of $76.81 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.16 and a beta of 0.92. The firm has a 50-day moving average price of $123.00 and a 200-day moving average price of $120.13. Dell Technologies Inc. has a twelve month low of $77.70 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data 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 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 for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.62 earnings per share. On average, sell-side analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.62%. Dell Technologies’s payout ratio is presently 31.45%.

Insider Buying and Selling at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies 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 transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock worth $115,573,009 over the last three months. 46.70% of the stock is owned by insiders.

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).