Shelton Wealth Management LLC Acquires New Holdings in Dell Technologies Inc. (NYSE:DELL)

Shelton Wealth Management LLC bought a new position in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,749 shares of the technology company’s stock, valued at approximately $1,008,000.

A number of other hedge funds have also recently made changes to their positions in DELL. State Street Corp boosted its stake in Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after buying an additional 6,131,507 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 valued at $746,596,000 after acquiring an additional 2,641,456 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Dell Technologies by 19,376.1% during the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after purchasing an additional 2,415,234 shares in the last quarter. Alkeon Capital Management LLC increased its position in shares of Dell Technologies by 48.3% in the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after purchasing an additional 699,204 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Dell Technologies by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock valued at $204,538,000 after purchasing an additional 29,717 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction that occurred 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 approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 945,407 shares of company stock valued at $115,573,009. 46.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DELL has been the topic of several research reports. Mizuho lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Evercore ISI restated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Morgan Stanley upped their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Citigroup dropped their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Finally, Melius Research upped their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $109.65 on Friday. Dell Technologies Inc. has a 1 year low of $77.70 and a 1 year high of $179.70. The stock’s 50-day moving average is $123.00 and its 200 day moving average is $120.45. The company has a market cap of $76.81 billion, a PE ratio of 19.37, a P/E/G ratio of 1.21 and a beta of 0.92.

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

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s payout ratio is currently 31.45%.

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).