Transform Wealth LLC Sells 1,344 Shares of Dell Technologies Inc. (NYSE:DELL)

Transform Wealth LLC lowered its holdings in Dell Technologies Inc. (NYSE:DELL) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,783 shares of the technology company’s stock after selling 1,344 shares during the period. Transform Wealth LLC’s holdings in Dell Technologies were worth $3,317,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Clean Yield Group purchased a new position in shares of Dell Technologies in the third quarter valued at $25,000. Nemes Rush Group LLC purchased a new position in Dell Technologies during the 2nd quarter valued at about $33,000. True Wealth Design LLC lifted its holdings in shares of Dell Technologies by 2,530.0% in 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. Kimelman & Baird LLC bought a new position in shares of Dell Technologies in the second quarter valued at approximately $37,000. Finally, MCF Advisors LLC increased its holdings in Dell Technologies by 132.0% during the 3rd 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 period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Down 0.4 %

Shares of DELL opened at $109.65 on Tuesday. The firm has a fifty day simple moving average of $123.00 and a two-hundred day simple moving average of $120.13. Dell Technologies Inc. has a twelve month low of $77.70 and a twelve month high of $179.70. The stock has a market capitalization of $76.81 billion, a P/E ratio of 19.37, a PEG ratio of 1.16 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 earnings per share (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 company had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the previous year, the business earned $1.62 EPS. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. Sell-side 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 issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DELL. Melius Research upped their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Mizuho lowered their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Evercore ISI restated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Wells Fargo & Company lifted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Barclays raised 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. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Insiders Place Their Bets

In related news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’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 transaction, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 945,407 shares of company stock worth $115,573,009. 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).