IHT Wealth Management LLC Acquires 3,722 Shares of Dell Technologies Inc. (NYSE:DELL)

IHT Wealth Management LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 71.3% during the 3rd quarter, Holdings Channel reports. The firm owned 8,940 shares of the technology company’s stock after purchasing an additional 3,722 shares during the quarter. IHT Wealth Management LLC’s holdings in Dell Technologies were worth $1,047,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Accordant Advisory Group Inc bought a new stake in Dell Technologies during the second quarter valued at $28,000. Clean Yield Group bought a new stake in shares of Dell Technologies in the 3rd quarter valued at about $25,000. Nemes Rush Group LLC bought a new stake in shares of Dell Technologies in the 2nd quarter valued at about $33,000. Crewe Advisors LLC bought a new stake in shares of Dell Technologies in the 2nd quarter valued at about $34,000. Finally, True Wealth Design LLC raised its position in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Trading Down 1.3 %

Shares of DELL opened at $123.40 on Friday. The firm has a market cap of $86.67 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 1.33 and a beta of 0.90. Dell Technologies Inc. has a 12-month low of $67.57 and a 12-month high of $179.70. The company’s 50-day moving average price is $127.84 and its 200 day moving average price is $126.38.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.44%. Dell Technologies’s payout ratio is currently 31.45%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Raymond James reduced their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Barclays upped their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Finally, Evercore ISI reiterated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.06.

Insider Activity

In related news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the sale, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This trade represents a 37.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,748,652 shares of company stock valued at $2,092,997,196. 46.70% of the stock is currently owned by company insiders.

Dell Technologies 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).