Waldron Private Wealth LLC Purchases New Position in Dell Technologies Inc. (NYSE:DELL)

Waldron Private Wealth LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, Holdings Channel.com reports. The firm acquired 2,632 shares of the technology company’s stock, valued at approximately $201,000.

A number of other institutional investors also recently made changes to their positions in DELL. Arrowstreet Capital Limited Partnership increased its stake in shares of Dell Technologies by 655.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,534,968 shares of the technology company’s stock worth $182,351,000 after purchasing an additional 3,934,878 shares during the period. FMR LLC increased its position in Dell Technologies by 59.6% during the 3rd quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock worth $646,053,000 after buying an additional 3,499,760 shares during the period. Alkeon Capital Management LLC lifted its holdings in shares of Dell Technologies by 241.9% during the third quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock worth $294,453,000 after buying an additional 3,023,625 shares in the last quarter. Norges Bank acquired a new stake in shares of Dell Technologies during the fourth quarter worth $111,100,000. Finally, Morgan Stanley boosted its position in shares of Dell Technologies by 96.9% in the third quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock valued at $346,137,000 after acquiring an additional 2,472,866 shares during the period. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Up 2.8 %

Dell Technologies stock opened at $121.09 on Wednesday. The stock has a market cap of $86.43 billion, a PE ratio of 27.71, a P/E/G ratio of 1.49 and a beta of 0.92. Dell Technologies Inc. has a 12-month low of $41.47 and a 12-month high of $136.16. The business’s 50-day moving average price is $106.99 and its two-hundred day moving average price is $85.42.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the prior year, the company earned $1.55 EPS. The firm’s quarterly 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be issued a dividend of $0.445 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.47%. Dell Technologies’s dividend payout ratio (DPR) is 33.87%.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of recent research reports. Wells Fargo & Company raised their price target on shares of 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 lifted their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. boosted their price target on Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Evercore ISI raised their price objective on Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Finally, UBS Group upped their target price on Dell Technologies from $99.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $102.88.

Insiders Place Their Bets

In other news, CEO Michael S. Dell sold 41,550 shares of Dell Technologies stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the sale, the chief executive officer now directly owns 36,389,719 shares of the company’s stock, valued at $3,894,791,624.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 41,550 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the sale, the chief executive officer now directly owns 36,389,719 shares of the company’s stock, valued at approximately $3,894,791,624.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the transaction, the general counsel now directly owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. 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 90 days. Corporate insiders own 48.60% of the company’s stock.

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).