Golden State Equity Partners Grows Holdings in Dell Technologies Inc. (NYSE:DELL)

Golden State Equity Partners grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 1,754.8% in the 4th quarter, Holdings Channel reports. The fund owned 8,124 shares of the technology company’s stock after acquiring an additional 7,686 shares during the period. Golden State Equity Partners’ holdings in Dell Technologies were worth $936,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DELL. Spire Wealth Management raised its holdings in Dell Technologies by 3.3% in the fourth quarter. Spire Wealth Management now owns 3,290 shares of the technology company’s stock valued at $379,000 after acquiring an additional 104 shares in the last quarter. DAVENPORT & Co LLC raised its stake in shares of Dell Technologies by 10.9% in the 4th quarter. DAVENPORT & Co LLC now owns 3,043 shares of the technology company’s stock valued at $351,000 after purchasing an additional 298 shares in the last quarter. Tritonpoint Wealth LLC lifted its position in shares of Dell Technologies by 3.4% during the fourth quarter. Tritonpoint Wealth LLC now owns 4,131 shares of the technology company’s stock worth $476,000 after purchasing an additional 134 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in Dell Technologies by 0.9% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 211,485 shares of the technology company’s stock worth $24,372,000 after purchasing an additional 1,938 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in Dell Technologies by 2.3% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,107 shares of the technology company’s stock valued at $1,165,000 after buying an additional 227 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

NYSE:DELL opened at $103.84 on Monday. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70. The business has a fifty day moving average of $117.34 and a 200-day moving average of $117.97. The stock has a market cap of $72.74 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.09 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $1.62 EPS. On average, equities research analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s payout ratio is currently 31.45%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 946,132 shares of company stock valued at $115,660,009. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DELL. Evercore ISI reiterated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Melius Research lifted their price objective 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. Deutsche Bank Aktiengesellschaft dropped their target price 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. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Barclays increased their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $148.06.

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).