Proficio Capital Partners LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Proficio Capital Partners LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, Holdings Channel reports. The fund acquired 236,827 shares of the technology company’s stock, valued at approximately $27,292,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Intrepid Financial Planning Group LLC boosted its stake in Dell Technologies by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after acquiring an additional 80 shares during the last quarter. Smithfield Trust Co boosted its stake in Dell Technologies by 8.0% during the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after acquiring an additional 84 shares during the last quarter. Graypoint LLC boosted its stake in Dell Technologies by 4.3% during the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after acquiring an additional 86 shares during the last quarter. ASB Consultores LLC boosted its stake in Dell Technologies by 4.6% during the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock worth $236,000 after acquiring an additional 87 shares during the last quarter. Finally, Equitable Trust Co. boosted its stake in Dell Technologies by 3.1% during the 3rd quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock worth $349,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on DELL. Wells Fargo & Company reduced their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday. Melius Research raised 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. Citigroup dropped their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 21st. TD Cowen dropped their target price on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a report on Friday. Finally, Morgan Stanley dropped their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction on Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the transaction, the director now directly owns 777,347 shares of the company’s stock, valued at $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the completion of the sale, the chief financial officer now directly owns 228,419 shares of the company’s stock, valued at approximately $28,739,678.58. The trade was a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 937,407 shares of company stock valued at $114,418,186 over the last ninety days. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Trading Down 4.6 %

NYSE:DELL opened at $102.85 on Friday. Dell Technologies Inc. has a 1-year low of $86.93 and a 1-year high of $179.70. The firm has a fifty day simple moving average of $112.57 and a 200 day simple moving average of $118.17. The stock has a market capitalization of $72.04 billion, a PE ratio of 18.17, a P/E/G ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share 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 analysts’ expectations of $24.67 billion. During the same period last year, the business earned $1.62 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. On average, equities analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.04%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s payout ratio is 31.45%.

Dell Technologies 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).