Burney Co. Acquires New Stake in Dell Technologies Inc. (NYSE:DELL)

Burney Co. bought a new stake in Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,438 shares of the technology company’s stock, valued at approximately $1,779,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meyer Handelman Co. raised its position in shares of Dell Technologies by 41.6% in the fourth quarter. Meyer Handelman Co. now owns 56,959 shares of the technology company’s stock valued at $6,564,000 after buying an additional 16,741 shares during the last quarter. Clarus Wealth Advisors grew its stake in Dell Technologies by 15.7% in the 4th quarter. Clarus Wealth Advisors now owns 7,191 shares of the technology company’s stock worth $792,000 after acquiring an additional 975 shares during the period. Park Avenue Securities LLC raised its holdings in Dell Technologies by 33.8% in the 4th quarter. Park Avenue Securities LLC now owns 4,395 shares of the technology company’s stock valued at $506,000 after acquiring an additional 1,110 shares during the last quarter. Fiduciary Financial Group LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth $298,000. Finally, Shorepath Capital Management LLC grew its position in shares of Dell Technologies by 14.4% in the fourth quarter. Shorepath Capital Management LLC now owns 65,433 shares of the technology company’s stock valued at $7,540,000 after purchasing an additional 8,257 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s 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 transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 945,407 shares of company stock worth $115,573,009. 46.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DELL. Wells Fargo & Company raised their price target on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Citigroup cut their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Evercore ISI reissued an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, Mizuho cut their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Stock Performance

Dell Technologies stock opened at $109.19 on Thursday. The firm has a market capitalization of $76.48 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.25 and a beta of 0.92. Dell Technologies Inc. has a one year low of $76.90 and a one year high of $179.70. The stock’s 50 day moving average price is $124.62 and its 200 day moving average price is $120.83.

Dell Technologies (NYSE:DELL) last announced its earnings results 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 business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

About Dell Technologies

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).