Empirical Financial Services LLC d.b.a. Empirical Wealth Management Raises Holdings in Dell Technologies Inc. (NYSE:DELL)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 175,447 shares of the technology company's stock after acquiring an additional 10,219 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Dell Technologies were worth $13,422,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates raised its position in Dell Technologies by 27.2% in the fourth quarter. Raymond James & Associates now owns 273,676 shares of the technology company's stock valued at $20,936,000 after purchasing an additional 58,590 shares during the period. Nordea Investment Management AB increased its position in shares of Dell Technologies by 158.3% during the fourth quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company's stock worth $17,762,000 after acquiring an additional 142,337 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Dell Technologies by 1,475.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company's stock worth $22,230,000 after acquiring an additional 272,144 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Dell Technologies by 13.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,380 shares of the technology company's stock worth $6,226,000 after acquiring an additional 9,538 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its position in shares of Dell Technologies by 14.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,339,514 shares of the technology company's stock worth $102,473,000 after acquiring an additional 164,930 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of DELL traded up $4.27 on Monday, hitting $129.37. The company's stock had a trading volume of 5,021,718 shares, compared to its average volume of 7,017,637. The company has a 50 day moving average price of $117.20 and a 200 day moving average price of $90.78. Dell Technologies Inc. has a fifty-two week low of $44.19 and a fifty-two week high of $136.16. The company has a market capitalization of $92.34 billion, a PE ratio of 29.60, a PEG ratio of 1.58 and a beta of 0.87.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the business earned $1.55 EPS. The business's revenue for the quarter was down 10.9% compared to the same quarter last year. On average, equities analysts forecast that Dell Technologies Inc. will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were given a dividend of $0.445 per share. This is a boost from Dell Technologies's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.38%. Dell Technologies's payout ratio is presently 40.73%.

Wall Street Analysts Forecast Growth

DELL has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Dell Technologies from $85.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, March 1st. The Goldman Sachs Group boosted their target price on Dell Technologies from $87.00 to $129.00 and gave the stock a "buy" rating in a report on Monday, March 4th. Morgan Stanley upped their price target on Dell Technologies from $100.00 to $128.00 and gave the company an "overweight" rating in a report on Friday, March 1st. Sanford C. Bernstein upped their price target on Dell Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, March 1st. Finally, TD Cowen boosted their target price on shares of Dell Technologies from $75.00 to $105.00 and gave the company a "market perform" rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $104.63.

Insider Buying and Selling at Dell Technologies

In related news, 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 completion of the sale, the director now owns 408,694 shares in the company, valued at approximately $51,626,226.08. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Dell Technologies news, insider Jennifer D. Saavedra sold 18,260 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total value of $2,193,026.00. Following the completion of the transaction, the insider now directly owns 206,961 shares in the company, valued at $24,856,016.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 408,694 shares of the company's stock, valued at approximately $51,626,226.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,382,204 shares of company stock worth $718,452,037. Insiders own 48.60% of the company's stock.

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).

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