Claro Advisors LLC Decreases Position in Dell Technologies Inc. (NYSE:DELL)

Claro Advisors LLC cut its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 35.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,988 shares of the technology company’s stock after selling 1,099 shares during the period. Claro Advisors LLC’s holdings in Dell Technologies were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DELL. Wedmont Private Capital purchased a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $247,000. Salem Investment Counselors Inc. increased its stake in Dell Technologies by 2.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 12,617 shares of the technology company’s stock worth $1,454,000 after buying an additional 341 shares during the period. Kieckhefer Group LLC acquired a new position in Dell Technologies in the 4th quarter worth $3,899,000. Brookstone Capital Management boosted its position in Dell Technologies by 448.0% in the 4th quarter. Brookstone Capital Management now owns 16,599 shares of the technology company’s stock valued at $1,913,000 after buying an additional 13,570 shares during the last quarter. Finally, Czech National Bank grew its stake in shares of Dell Technologies by 13.6% during the fourth quarter. Czech National Bank now owns 66,600 shares of the technology company’s stock valued at $7,675,000 after acquiring an additional 7,999 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

DELL stock opened at $109.19 on Thursday. Dell Technologies Inc. has a 1 year low of $76.90 and a 1 year high of $179.70. The stock has a market capitalization of $76.48 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.25 and a beta of 0.92. The stock’s fifty day moving average is $124.62 and its two-hundred day moving average is $120.83.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.62 EPS. As a group, analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.63%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 945,407 shares of company stock valued at $115,573,009. 46.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Morgan Stanley raised their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Melius Research upped their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Barclays raised their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

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).