Stratos Wealth Partners LTD. Buys 361 Shares of Dell Technologies Inc. (NYSE:DELL)

Stratos Wealth Partners LTD. grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 12.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,364 shares of the technology company’s stock after purchasing an additional 361 shares during the period. Stratos Wealth Partners LTD.’s holdings in Dell Technologies were worth $257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DELL. Cambridge Investment Research Advisors Inc. lifted its position in Dell Technologies by 17.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,076 shares of the technology company’s stock worth $706,000 after buying an additional 2,117 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of Dell Technologies during the 1st quarter worth about $304,000. MetLife Investment Management LLC acquired a new position in shares of Dell Technologies during the 1st quarter worth about $568,000. Rhumbline Advisers increased its stake in shares of Dell Technologies by 2.0% during the 1st quarter. Rhumbline Advisers now owns 254,266 shares of the technology company’s stock worth $12,762,000 after purchasing an additional 4,949 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in shares of Dell Technologies by 5.2% during the 1st quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock worth $306,000 after purchasing an additional 302 shares during the last quarter. 38.10% of the stock is owned by institutional investors.

Insider Transactions at Dell Technologies

In related news, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the transaction, the general counsel now directly owns 86,836 shares in the company, valued at $11,544,846.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $126.32, for a total value of $47,164,730.00. Following the transaction, the director now directly owns 408,694 shares in the company, valued at $51,626,226.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the completion of the transaction, the general counsel now owns 86,836 shares in the company, valued at $11,544,846.20. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock valued at $718,452,037 over the last three months. Corporate insiders own 48.60% of the company’s stock.

Dell Technologies Trading Up 0.0 %

DELL opened at $117.81 on Tuesday. Dell Technologies Inc. has a 1-year low of $41.47 and a 1-year high of $136.16. The company has a market cap of $84.09 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 1.49 and a beta of 0.92. The company has a fifty day moving average price of $106.22 and a two-hundred day moving average price of $85.06.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The firm had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. The business’s revenue was down 10.9% compared to the same quarter last year. On average, research analysts forecast that Dell Technologies Inc. will post 6.58 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. The ex-dividend date is Monday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 1.51%. Dell Technologies’s payout ratio is presently 33.87%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Morgan Stanley upped their price target on shares of Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Barclays upped their price target on shares of Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a research note on Friday, March 1st. TD Cowen upped their price target on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Finally, The Goldman Sachs Group upped their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.88.

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).