Essex Financial Services Inc. Purchases 1,726 Shares of Dell Technologies Inc. (NYSE:DELL)

Essex Financial Services Inc. grew its position in Dell Technologies Inc. (NYSE:DELL) by 60.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,594 shares of the technology company’s stock after acquiring an additional 1,726 shares during the period. Essex Financial Services Inc.’s holdings in Dell Technologies were worth $529,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DELL. Exchange Traded Concepts LLC raised its stake in Dell Technologies by 1,290.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,076 shares of the technology company’s stock valued at $602,000 after purchasing an additional 4,711 shares during the period. Redhawk Wealth Advisors Inc. raised its position in shares of Dell Technologies by 11.9% during the third quarter. Redhawk Wealth Advisors Inc. now owns 1,885 shares of the technology company’s stock valued at $223,000 after buying an additional 200 shares during the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of Dell Technologies by 38.2% in the third quarter. Wesbanco Bank Inc. now owns 29,181 shares of the technology company’s stock worth $3,459,000 after buying an additional 8,065 shares in the last quarter. Creative Planning boosted its position in shares of Dell Technologies by 16.8% during the third quarter. Creative Planning now owns 98,961 shares of the technology company’s stock worth $11,435,000 after acquiring an additional 14,217 shares during the last quarter. Finally, NBC Securities Inc. grew its stake in Dell Technologies by 53.4% during the third quarter. NBC Securities Inc. now owns 12,709 shares of the technology company’s stock valued at $1,506,000 after acquiring an additional 4,423 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $112.93 on Thursday. The company has a market cap of $79.10 billion, a P/E ratio of 19.95, a PEG ratio of 0.91 and a beta of 0.90. The firm has a 50-day simple moving average of $113.92 and a two-hundred day simple moving average of $117.18. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations 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. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.58%. Dell Technologies’s payout ratio is 31.45%.

Insider Buying and Selling at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated 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 directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated 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 transaction, the director now 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 sold a total of 946,132 shares of company stock valued at $115,660,009 in the last three months. Company insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on DELL shares. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday. Melius Research increased their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. reduced their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Finally, Citigroup decreased their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.47.

About Dell Technologies

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).