Watts Gwilliam & Co. LLC Decreases Position in Dell Technologies Inc. (NYSE:DELL)

Watts Gwilliam & Co. LLC cut its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 10.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 14,246 shares of the technology company’s stock after selling 1,684 shares during the period. Watts Gwilliam & Co. LLC’s holdings in Dell Technologies were worth $1,728,000 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 the stock. State Street Corp lifted its position in shares of Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after purchasing an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC increased its stake in Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after buying an additional 2,641,456 shares during the period. International Assets Investment Management LLC lifted its holdings in Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after buying an additional 2,415,234 shares in the last quarter. Franklin Resources Inc. boosted its position in Dell Technologies by 5,047.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock valued at $131,170,000 after buying an additional 1,002,117 shares during the last quarter. Finally, Alkeon Capital Management LLC increased its position in shares of Dell Technologies by 48.3% during the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after acquiring an additional 699,204 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $119.23 on Friday. The firm has a market capitalization of $83.52 billion, a PE ratio of 21.07, a P/E/G ratio of 1.26 and a beta of 0.92. Dell Technologies Inc. has a 1-year low of $76.90 and a 1-year high of $179.70. The business’s fifty day moving average price is $125.83 and its two-hundred day moving average price is $121.65.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same period last year, the firm posted $1.62 EPS. Dell Technologies’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.49%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s payout ratio is currently 31.45%.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. 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. In the last quarter, insiders sold 946,132 shares of company stock worth $115,666,897. 46.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays increased their price target on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. 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. Mizuho cut their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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).