Arkadios Wealth Advisors Grows Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Arkadios Wealth Advisors increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 12.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,704 shares of the technology company’s stock after acquiring an additional 1,583 shares during the period. Arkadios Wealth Advisors’ holdings in Dell Technologies were worth $1,695,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DELL. Clean Yield Group purchased a new stake in Dell Technologies during the third quarter worth about $25,000. True Wealth Design LLC boosted its holdings in Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares in the last quarter. Nemes Rush Group LLC acquired a new position in Dell Technologies during the second quarter worth about $33,000. MCF Advisors LLC raised its position in Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after acquiring an additional 165 shares during the last quarter. Finally, Covestor Ltd raised its position in Dell Technologies by 290.7% during the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after acquiring an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DELL shares. Citigroup cut their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Morgan Stanley lifted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Evercore ISI reissued an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Barclays boosted their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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 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 completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock worth $115,573,009 over the last ninety days. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Performance

Shares of DELL stock opened at $109.65 on Friday. Dell Technologies Inc. has a one year low of $77.70 and a one year high of $179.70. The company has a 50 day moving average price of $123.00 and a 200 day moving average price of $120.29. The firm has a market capitalization of $76.81 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping 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 company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the previous year, the firm earned $1.62 earnings per share. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders 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 yield of 1.62%. Dell Technologies’s dividend 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).