Harvey Capital Management Inc. Raises Stock Position in Dell Technologies Inc. (NYSE:DELL)

Harvey Capital Management Inc. raised its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 30.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,250 shares of the technology company’s stock after purchasing an additional 7,225 shares during the period. Harvey Capital Management Inc.’s holdings in Dell Technologies were worth $3,601,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DELL. Byrne Asset Management LLC acquired a new stake in Dell Technologies in the 4th quarter worth about $28,000. True Wealth Design LLC boosted its stake 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 acquiring an additional 253 shares during the last quarter. MCF Advisors LLC increased its position in shares of 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 purchasing an additional 165 shares in the last quarter. Covestor Ltd raised its stake in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after purchasing an additional 218 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DELL. Melius Research upped their target price 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. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. JPMorgan Chase & Co. decreased their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday. Morgan Stanley increased their price target on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Mizuho lowered their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Three research 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 has an average rating of “Moderate Buy” and a consensus target price of $147.47.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. The trade was 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 that occurred on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now owns 23,680 shares in the company, valued at $3,132,390.40. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 946,132 shares of company stock valued at $115,660,009 over the last three months. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Price Performance

Shares of DELL opened at $111.46 on Wednesday. The firm has a 50-day simple moving average of $114.20 and a two-hundred day simple moving average of $117.19. The stock has a market cap of $78.07 billion, a PE ratio of 19.69, a P/E/G ratio of 0.91 and a beta of 0.90. 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 EPS for the quarter, beating 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 business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter last year, the firm posted $1.62 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced 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. This represents a $1.78 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

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).