Wealth Alliance Cuts Holdings in Dell Technologies Inc. (NYSE:DELL)

Wealth Alliance trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 60.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,771 shares of the technology company’s stock after selling 4,322 shares during the period. Wealth Alliance’s holdings in Dell Technologies were worth $319,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Optimist Retirement Group LLC boosted its stake in shares of Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after buying an additional 463 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Dell Technologies by 132.1% in the 3rd quarter. Blue Trust Inc. now owns 1,409 shares of the technology company’s stock worth $167,000 after buying an additional 802 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in shares of Dell Technologies by 52.1% in the 3rd quarter. Foundations Investment Advisors LLC now owns 3,735 shares of the technology company’s stock worth $443,000 after buying an additional 1,280 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Dell Technologies by 24.6% in the 3rd quarter. Signaturefd LLC now owns 5,686 shares of the technology company’s stock worth $674,000 after buying an additional 1,124 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Dell Technologies by 110.6% in the 3rd quarter. Private Advisor Group LLC now owns 61,069 shares of the technology company’s stock worth $7,239,000 after buying an additional 32,074 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies 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 transaction, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. 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 Dell Technologies stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 937,407 shares of company stock worth $114,418,186. Corporate insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

DELL has been the topic of a number of research reports. Mizuho dropped their price target 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. JPMorgan Chase & Co. lowered their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Melius Research lifted their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Citigroup lowered their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

Dell Technologies Trading Down 1.9 %

Shares of DELL stock opened at $117.66 on Friday. Dell Technologies Inc. has a 12-month low of $85.40 and a 12-month high of $179.70. The stock’s 50-day moving average price is $113.12 and its 200-day moving average price is $117.42. The stock has a market capitalization of $82.41 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its earnings results 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. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. As a group, research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.51%. Dell Technologies’s dividend payout ratio is currently 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).