Crestwood Advisors Group LLC Grows Stake in Dell Technologies Inc. (NYSE:DELL)

Crestwood Advisors Group LLC raised its stake in Dell Technologies Inc. (NYSE:DELL) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,951 shares of the technology company’s stock after purchasing an additional 281 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Dell Technologies were worth $340,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in shares of Dell Technologies by 31.9% during the fourth quarter. IFP Advisors Inc now owns 4,654 shares of the technology company’s stock worth $537,000 after acquiring an additional 1,125 shares during the last quarter. Colonial River Investments LLC increased its position in shares of Dell Technologies by 7.0% during the fourth quarter. Colonial River Investments LLC now owns 3,121 shares of the technology company’s stock worth $360,000 after acquiring an additional 205 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Dell Technologies during the fourth quarter worth about $4,131,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Dell Technologies by 10.2% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,856 shares of the technology company’s stock worth $5,861,000 after acquiring an additional 4,700 shares during the last quarter. Finally, Howard Capital Management Inc. increased its position in shares of Dell Technologies by 154.6% during the fourth quarter. Howard Capital Management Inc. now owns 4,313 shares of the technology company’s stock worth $497,000 after acquiring an additional 2,619 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the sale, the chief financial officer now owns 228,419 shares of the company’s stock, valued at $28,739,678.58. The trade was a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’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 sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 937,407 shares of company stock worth $114,418,186. Company insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Mizuho dropped their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Citigroup lowered their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 21st. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Bank of America lowered their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Evercore ISI reissued an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.00.

Dell Technologies Stock Down 3.1 %

Shares of DELL stock opened at $110.63 on Wednesday. The business has a 50 day moving average of $112.85 and a two-hundred day moving average of $118.21. The company has a market cap of $77.49 billion, a P/E ratio of 19.55, a PEG ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL) last issued 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. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.62 earnings per share. Analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.61%. Dell Technologies’s dividend payout ratio is presently 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).