Enclave Advisors LLC Makes New $848,000 Investment in Dell Technologies Inc. (NYSE:DELL)

Enclave Advisors LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 7,361 shares of the technology company's stock, valued at approximately $848,000.

Other institutional investors have also made changes to their positions in the company. Burns J W & Co. Inc. NY bought a new position in Dell Technologies during the fourth quarter valued at about $1,272,000. iA Global Asset Management Inc. raised its stake in shares of Dell Technologies by 84.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company's stock valued at $1,345,000 after acquiring an additional 5,203 shares in the last quarter. National Pension Service lifted its holdings in Dell Technologies by 8.8% in the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company's stock worth $73,543,000 after purchasing an additional 50,304 shares during the last quarter. Woodmont Investment Counsel LLC acquired a new position in Dell Technologies during the third quarter valued at approximately $5,780,000. Finally, Sky Investment Group LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at approximately $1,687,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Up 3.1 %

NYSE:DELL traded up $3.44 during trading hours on Wednesday, reaching $114.99. The company had a trading volume of 12,813,076 shares, compared to its average volume of 7,756,286. The firm has a market capitalization of $80.55 billion, a PE ratio of 20.32, a PEG ratio of 1.16 and a beta of 0.92. The stock has a 50-day moving average of $121.92 and a two-hundred day moving average of $119.70. Dell Technologies Inc. has a one year low of $80.49 and a one year high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping 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%. The company's revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $1.62 earnings per share. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies's payout ratio is presently 31.45%.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 810,657 shares in the company, valued at $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 business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now directly owns 23,680 shares of the company's stock, valued at approximately $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 945,407 shares of company stock worth $115,573,009. 46.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Citigroup lowered their target price on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating on the stock in a research note on Wednesday, November 27th. Melius Research upped their price target on 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 research report on Monday, December 2nd. Evercore ISI restated an "outperform" rating and issued a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Finally, Barclays upped their price objective 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. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $148.06.

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).