Raymond James Financial Services Advisors Inc. Has $1.68 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Raymond James Financial Services Advisors Inc. lessened its holdings in Dell Technologies Inc. (NYSE:DELL – Get Rating) by 33.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,636 shares of the technology company’s stock after selling 20,993 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Dell Technologies were worth $1,675,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new position in Dell Technologies during the first quarter worth about $27,000. Accurate Wealth Management LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Romano Brothers AND Company bought a new stake in Dell Technologies during the fourth quarter worth $27,000. Belpointe Asset Management LLC bought a new position in Dell Technologies in the 4th quarter valued at $31,000. Finally, Ellevest Inc. increased its position in shares of Dell Technologies by 33.4% during the 4th quarter. Ellevest Inc. now owns 1,070 shares of the technology company’s stock valued at $43,000 after purchasing an additional 268 shares during the last quarter. Institutional investors and hedge funds own 26.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DELL. Evercore ISI increased their price target on shares of Dell Technologies from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, May 19th. Raymond James lowered their price target on shares of Dell Technologies from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, March 3rd. KGI Securities raised Dell Technologies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 14th. Deutsche Bank Aktiengesellschaft dropped their price target on Dell Technologies from $48.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, March 3rd. Finally, Barclays decreased their price objective on Dell Technologies from $41.00 to $40.00 in a report on Friday, March 3rd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $48.56.

Dell Technologies Stock Performance

Dell Technologies stock opened at $48.08 on Friday. The stock has a market cap of $35.16 billion, a P/E ratio of 14.93, a PEG ratio of 0.91 and a beta of 1.03. Dell Technologies Inc. has a fifty-two week low of $32.90 and a fifty-two week high of $52.60. The firm’s fifty day moving average price is $42.78 and its 200-day moving average price is $41.66.

Dell Technologies (NYSE:DELL – Get Rating) last released its quarterly earnings results on Thursday, March 2nd. The technology company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.17. Dell Technologies had a negative return on equity of 173.72% and a net margin of 2.39%. The firm had revenue of $25.04 billion for the quarter, compared to analysts’ expectations of $22.82 billion. Sell-side analysts predict that Dell Technologies Inc. will post 4.24 earnings per share for the current year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 5th. Stockholders of record on Tuesday, April 25th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, April 24th. This represents a $1.48 annualized dividend and a dividend yield of 3.08%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.33. Dell Technologies’s dividend payout ratio (DPR) is 45.96%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CFO Thomas W. Sweet sold 283,388 shares of the firm’s stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $40.14, for a total transaction of $11,375,194.32. Following the sale, the chief financial officer now owns 211,608 shares in the company, valued at $8,493,945.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Dell Technologies news, CFO Thomas W. Sweet sold 283,388 shares of the stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $40.14, for a total transaction of $11,375,194.32. Following the transaction, the chief financial officer now directly owns 211,608 shares in the company, valued at $8,493,945.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Richard J. Rothberg sold 200,958 shares of the business’s stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $45.36, for a total transaction of $9,115,454.88. Following the completion of the sale, the general counsel now owns 149,379 shares of the company’s stock, valued at $6,775,831.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 522,371 shares of company stock valued at $22,038,868. Insiders own 48.60% of the company’s stock.

Dell Technologies Company Profile

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Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.