Franklin Street Advisors Inc. NC Raises Stock Position in Dell Technologies Inc. (NYSE:DELL)

Franklin Street Advisors Inc. NC increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,245 shares of the technology company’s stock after acquiring an additional 20,719 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Dell Technologies were worth $15,816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DELL. Fortitude Family Office LLC lifted its stake in Dell Technologies by 171.9% in the 4th quarter. Fortitude Family Office LLC now owns 435 shares of the technology company’s stock valued at $50,000 after buying an additional 275 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of Dell Technologies by 52.5% in the fourth quarter. First Hawaiian Bank now owns 20,868 shares of the technology company’s stock worth $2,405,000 after acquiring an additional 7,181 shares during the last quarter. Farmers Trust Co. increased its position in shares of Dell Technologies by 0.8% during the fourth quarter. Farmers Trust Co. now owns 31,699 shares of the technology company’s stock worth $3,653,000 after purchasing an additional 243 shares in the last quarter. Fortem Financial Group LLC lifted its holdings in Dell Technologies by 1.5% in the 4th quarter. Fortem Financial Group LLC now owns 35,338 shares of the technology company’s stock valued at $4,072,000 after purchasing an additional 527 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Dell Technologies by 2.7% during the 4th quarter. Nordea Investment Management AB now owns 1,350,773 shares of the technology company’s stock worth $155,771,000 after purchasing an additional 35,957 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Down 2.6 %

Shares of NYSE:DELL traded down $3.11 during midday trading on Friday, reaching $116.20. The company’s stock had a trading volume of 2,951,206 shares, compared to its average volume of 5,427,989. Dell Technologies Inc. has a 1 year low of $76.90 and a 1 year high of $179.70. The business has a 50 day moving average price of $125.83 and a 200 day moving average price of $121.65. The firm has a market cap of $81.39 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate 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 negative return on equity of 191.91% and a net margin of 4.36%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted $1.62 EPS. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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 1.53%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DELL. Wells Fargo & Company boosted their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Barclays upped their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Melius Research lifted their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Mizuho cut their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Finally, Citigroup decreased their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Insider Buying and Selling

In related news, 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 transaction of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 946,132 shares of company stock worth $115,666,897. 46.70% of the stock is currently owned by corporate insiders.

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).