IFP Advisors Inc Has $537,000 Stake in Dell Technologies Inc. (NYSE:DELL)

IFP Advisors Inc grew its stake in Dell Technologies Inc. (NYSE:DELL) by 31.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,654 shares of the technology company’s stock after purchasing an additional 1,125 shares during the period. IFP Advisors Inc’s holdings in Dell Technologies were worth $537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DELL. Optimist Retirement Group LLC boosted its stake in shares of Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after purchasing an additional 463 shares in the last quarter. abrdn plc boosted its stake in shares of Dell Technologies by 1,474.6% in the 3rd quarter. abrdn plc now owns 104,630 shares of the technology company’s stock valued at $12,360,000 after purchasing an additional 97,985 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in shares of Dell Technologies by 24.9% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,428 shares of the technology company’s stock valued at $413,000 after purchasing an additional 684 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $29,033,000. Finally, First Trust Direct Indexing L.P. boosted its stake in shares of Dell Technologies by 41.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,698 shares of the technology company’s stock valued at $557,000 after purchasing an additional 1,379 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 937,407 shares of company stock worth $114,418,186 in the last quarter. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Down 4.6 %

NYSE:DELL opened at $102.85 on Friday. The company has a fifty day moving average of $112.57 and a 200-day moving average of $118.17. The firm has a market capitalization of $72.04 billion, a P/E ratio of 18.17, a P/E/G ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.62 EPS. On average, analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.04%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is currently 31.45%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DELL shares. Barclays raised their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday. Bank of America cut 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 report on Tuesday, February 18th. Wells Fargo & Company cut their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday. UBS Group cut their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Citigroup cut their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $143.53.

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).