NYSE:DELL - Free Report ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 35,000 shares of the technology company's stock, valued at approximately $2,677,000.
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Other large investors have also recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Pinnacle Bancorp Inc. increased its position in Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company's stock worth $29,000 after purchasing an additional 188 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of Dell Technologies by 454.5% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company's stock worth $37,000 after buying an additional 400 shares during the last quarter. Castleview Partners LLC purchased a new stake in Dell Technologies in the third quarter valued at $39,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in Dell Technologies by 1,456.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company's stock valued at $46,000 after buying an additional 568 shares during the period. 38.10% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets In related news, CEO Michael S. Dell sold 624,450 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total value of $74,809,110.00. Following the completion of the sale, the chief executive officer now directly owns 39,787,791 shares of the company's stock, valued at $4,766,577,361.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link . In related news, CEO Michael S. Dell sold 242,190 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $119.78, for a total transaction of $29,009,518.20. Following the sale, the chief executive officer now owns 38,371,362 shares in the company, valued at $4,596,121,740.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, CEO Michael S. Dell sold 624,450 shares of Dell Technologies stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $119.80, for a total value of $74,809,110.00. Following the completion of the transaction, the chief executive officer now owns 39,787,791 shares of the company's stock, valued at $4,766,577,361.80. The disclosure for this sale can be found here . Insiders sold a total of 6,382,204 shares of company stock valued at $718,452,037 in the last ninety days. Corporate insiders own 48.60% of the company's stock.
Analyst Upgrades and Downgrades DELL has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, February 22nd. UBS Group lifted their price target on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a "buy" rating in a research note on Friday, April 19th. Evercore ISI lifted their price target on Dell Technologies from $95.00 to $125.00 and gave the stock an "outperform" rating in a report on Friday, March 1st. Morgan Stanley increased their price target on shares of Dell Technologies from $100.00 to $128.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. Finally, Barclays upped their price objective on shares of Dell Technologies from $53.00 to $94.00 and gave the company an "underweight" rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus target price of $104.63.
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Dell Technologies Price Performance DELL stock traded up $1.71 during midday trading on Friday, reaching $125.10. 3,942,765 shares of the company's stock traded hands, compared to its average volume of 6,811,654. Dell Technologies Inc. has a fifty-two week low of $44.08 and a fifty-two week high of $136.16. The business has a 50-day moving average price of $116.47 and a two-hundred day moving average price of $90.03. The company has a market capitalization of $89.30 billion, a P/E ratio of 28.63, a PEG ratio of 1.56 and a beta of 0.87.
Dell Technologies (NYSE:DELL - Get Free Report ) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.47. The firm had revenue of $22.32 billion during the quarter, compared to analysts' expectations of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. Dell Technologies's quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 EPS. As a group, research analysts forecast that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.
Dell Technologies Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd were issued a $0.445 dividend. The ex-dividend date was Monday, April 22nd. This is a boost from Dell Technologies's previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 1.42%. Dell Technologies's dividend payout ratio is currently 40.73%.
Dell Technologies Company Profile (
Free Report )
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).
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