Sequoia Financial Advisors LLC Grows Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Sequoia Financial Advisors LLC lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 217.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,464 shares of the technology company's stock after buying an additional 8,543 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Dell Technologies were worth $954,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its position in Dell Technologies by 17.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,076 shares of the technology company's stock worth $706,000 after acquiring an additional 2,117 shares during the period. D.A. Davidson & CO. bought a new position in Dell Technologies during the first quarter worth about $304,000. MetLife Investment Management LLC bought a new position in Dell Technologies during the first quarter worth about $568,000. Rhumbline Advisers increased its position in Dell Technologies by 2.0% during the first quarter. Rhumbline Advisers now owns 254,266 shares of the technology company's stock worth $12,762,000 after acquiring an additional 4,949 shares during the period. Finally, Yousif Capital Management LLC increased its position in Dell Technologies by 5.2% during the first quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company's stock worth $306,000 after acquiring an additional 302 shares during the period. Institutional investors and hedge funds own 38.10% of the company's stock.

Dell Technologies Trading Up 0.0 %

NYSE:DELL traded up $0.05 during mid-day trading on Monday, hitting $117.81. 6,756,469 shares of the company's stock were exchanged, compared to its average volume of 7,268,580. The company has a 50 day simple moving average of $105.57 and a 200-day simple moving average of $84.71. Dell Technologies Inc. has a fifty-two week low of $41.47 and a fifty-two week high of $136.16. The firm has a market capitalization of $84.09 billion, a P/E ratio of 27.52, a PEG ratio of 1.49 and a beta of 0.92.

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

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. The ex-dividend date is Monday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 1.51%. Dell Technologies's dividend payout ratio (DPR) is currently 33.87%.

Insider Buying and Selling

In other news, General Counsel Richard J. Rothberg sold 93,954 shares of the business's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the transaction, the general counsel now owns 86,836 shares in the company, valued at approximately $11,544,846.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, General Counsel Richard J. Rothberg sold 93,954 shares of the business's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the transaction, the general counsel now owns 86,836 shares in the company, valued at approximately $11,544,846.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the business's stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $78.81, for a total transaction of $250,613,593.32. Following the completion of the transaction, the director now owns 293,812 shares in the company, valued at approximately $23,155,323.72. The disclosure for this sale can be found here. Insiders have sold a total of 9,562,176 shares of company stock worth $969,065,630 in the last ninety days. Company insiders own 48.60% of the company's stock.

Wall Street Analyst Weigh In

DELL has been the topic of a number of recent research reports. Sanford C. Bernstein raised their price target on shares of Dell Technologies from $90.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, March 1st. Barclays raised their target price on shares of Dell Technologies from $53.00 to $94.00 and gave the company an "underweight" rating in a report on Friday, March 1st. The Goldman Sachs Group raised their target price on shares of Dell Technologies from $87.00 to $129.00 and gave the company a "buy" rating in a report on Monday, March 4th. TD Cowen raised their target price on shares of Dell Technologies from $75.00 to $105.00 and gave the company a "market perform" rating in a report on Friday, March 1st. Finally, Wells Fargo & Company raised their target price on shares of Dell Technologies from $85.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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).