Round Rock Advisors LLC Buys New Shares in Dell Technologies Inc. (NYSE:DELL)

Round Rock Advisors LLC bought a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,211 shares of the technology company's stock, valued at approximately $781,000.

Several other hedge funds also recently made changes to their positions in DELL. G&S Capital LLC grew its stake in Dell Technologies by 32.3% during the 4th quarter. G&S Capital LLC now owns 48,905 shares of the technology company's stock worth $3,741,000 after buying an additional 11,943 shares during the last quarter. Cerity Partners LLC grew its stake in Dell Technologies by 46.7% during the 4th quarter. Cerity Partners LLC now owns 6,533 shares of the technology company's stock worth $500,000 after buying an additional 2,079 shares during the last quarter. Kendall Capital Management grew its stake in Dell Technologies by 8.3% during the 4th quarter. Kendall Capital Management now owns 38,890 shares of the technology company's stock worth $2,975,000 after buying an additional 2,990 shares during the last quarter. Impax Asset Management Group plc bought a new position in Dell Technologies during the 4th quarter worth $41,464,000. Finally, Sequoia Financial Advisors LLC grew its stake in Dell Technologies by 217.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 12,464 shares of the technology company's stock worth $954,000 after buying an additional 8,543 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company's stock.

Dell Technologies Stock Up 0.6 %

Shares of NYSE DELL traded up $0.69 during mid-day trading on Thursday, hitting $124.06. 5,048,777 shares of the company traded hands, compared to its average volume of 7,272,702. Dell Technologies Inc. has a 1 year low of $41.15 and a 1 year high of $136.16. The stock has a market capitalization of $88.55 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 1.61 and a beta of 0.92. The business has a 50 day moving average of $104.18 and a two-hundred day moving average of $83.87.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The business had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the business posted $1.55 earnings per share. Dell Technologies's revenue was down 10.9% compared to the same quarter last year. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.43%. This is an increase from Dell Technologies's previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. Dell Technologies's dividend payout ratio is currently 33.87%.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 239,112 shares of the company's stock in a transaction on Friday, January 12th. The stock was sold at an average price of $79.43, for a total transaction of $18,992,666.16. Following the transaction, the director now directly owns 293,812 shares of the company's stock, valued at $23,337,487.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Iv (Gp) L.L.C. Slta sold 239,112 shares of the company's stock in a transaction on Friday, January 12th. The stock was sold at an average price of $79.43, for a total transaction of $18,992,666.16. Following the transaction, the director now directly owns 293,812 shares of the company's stock, valued at $23,337,487.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the company's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $126.32, for a total value of $47,164,730.00. Following the transaction, the director now directly owns 408,694 shares in the company, valued at $51,626,226.08. The disclosure for this sale can be found here. Insiders sold a total of 9,801,288 shares of company stock valued at $988,058,296 over the last three months. Insiders own 48.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DELL shares. UBS Group boosted their price target on Dell Technologies from $99.00 to $113.00 and gave the stock a "buy" rating in a research report on Friday, March 1st. Loop Capital started coverage on Dell Technologies in a research report on Wednesday, February 28th. They set a "buy" rating and a $125.00 price target for the company. Wells Fargo & Company boosted their price target on Dell Technologies from $85.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, March 1st. The Goldman Sachs Group boosted their price target on Dell Technologies from $87.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. boosted their price target on Dell Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $102.88.

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).