Burns J W & Co. Inc. NY Invests $1.27 Million in Dell Technologies Inc. (NYSE:DELL)

Burns J W & Co. Inc. NY acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,035 shares of the technology company’s stock, valued at approximately $1,272,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Victory Capital Management Inc. increased its position in Dell Technologies by 6.0% in the second quarter. Victory Capital Management Inc. now owns 90,708 shares of the technology company’s stock worth $12,510,000 after buying an additional 5,171 shares in the last quarter. Quest Partners LLC purchased a new position in Dell Technologies during the second quarter valued at approximately $163,000. Main Street Financial Solutions LLC bought a new position in shares of Dell Technologies in the second quarter worth approximately $219,000. Meeder Advisory Services Inc. bought a new stake in shares of Dell Technologies during the 2nd quarter valued at $225,000. Finally, Federated Hermes Inc. lifted its stake in shares of Dell Technologies by 166.5% during the 2nd quarter. Federated Hermes Inc. now owns 354,830 shares of the technology company’s stock valued at $48,935,000 after buying an additional 221,676 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DELL has been the topic of a number of recent analyst reports. Citigroup decreased their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Barclays lifted their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Melius Research lifted their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Mizuho dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded down $4.69 during trading on Monday, hitting $110.08. The stock had a trading volume of 11,341,807 shares, compared to its average volume of 7,035,504. Dell Technologies Inc. has a 12 month low of $76.90 and a 12 month high of $179.70. The firm’s fifty day simple moving average is $125.51 and its 200-day simple moving average is $121.24. The stock has a market cap of $77.32 billion, a PE ratio of 19.45, a PEG ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating 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 firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.62%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their position. 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 Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 946,132 shares of company stock worth $115,666,897 in the last ninety days. 46.70% of the stock is owned by company insiders.

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).