Persium Advisors LLC Acquires Shares of 6,477 Dell Technologies Inc. (NYSE:DELL)

Persium Advisors LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,477 shares of the technology company’s stock, valued at approximately $746,000. Dell Technologies accounts for approximately 0.7% of Persium Advisors LLC’s holdings, making the stock its 12th biggest position.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after acquiring an additional 6,131,507 shares during the period. Geode Capital Management LLC boosted its stake in Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after purchasing an additional 2,641,456 shares during the period. International Assets Investment Management LLC grew its holdings in Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after buying an additional 2,415,234 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Dell Technologies by 5,047.4% in the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock worth $131,170,000 after buying an additional 1,002,117 shares in the last quarter. Finally, Alkeon Capital Management LLC boosted 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 valued at $254,479,000 after acquiring an additional 699,204 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Down 4.3 %

Shares of NYSE:DELL traded down $4.93 during trading on Monday, reaching $109.84. 9,070,644 shares of the company traded hands, compared to its average volume of 6,650,652. Dell Technologies Inc. has a 52-week low of $76.90 and a 52-week high of $179.70. The business’s fifty day moving average is $125.51 and its 200-day moving average is $121.24. The firm has a market capitalization of $77.15 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced 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. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.62 EPS. On average, sell-side analysts predict 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. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.62%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Barclays boosted their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Morgan Stanley lifted their price target on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Mizuho lowered their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Finally, Evercore ISI reiterated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’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 transaction of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the sale, the chief financial officer now directly owns 236,419 shares in the company, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 946,132 shares of company stock worth $115,666,897. 46.70% of the stock is currently owned by corporate 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).