Cerity Partners LLC Boosts Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Cerity Partners LLC grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 46.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,533 shares of the technology company’s stock after buying an additional 2,079 shares during the period. Cerity Partners LLC’s holdings in Dell Technologies were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Kendall Capital Management increased its holdings in shares of Dell Technologies by 8.3% during the 4th quarter. Kendall Capital Management now owns 38,890 shares of the technology company’s stock valued at $2,975,000 after purchasing an additional 2,990 shares in the last quarter. Impax Asset Management Group plc purchased a new stake in Dell Technologies in the 4th quarter worth $41,464,000. Sequoia Financial Advisors LLC increased its holdings in Dell Technologies by 217.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,464 shares of the technology company’s stock worth $954,000 after acquiring an additional 8,543 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Dell Technologies by 1,229.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 69,102 shares of the technology company’s stock worth $5,286,000 after acquiring an additional 63,905 shares in the last quarter. Finally, Pinnacle Bancorp Inc. increased its holdings in Dell Technologies by 96.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after acquiring an additional 188 shares in the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

NYSE DELL opened at $120.19 on Thursday. The stock has a market capitalization of $85.79 billion, a P/E ratio of 27.50, a PEG ratio of 1.46 and a beta of 0.92. Dell Technologies Inc. has a 12 month low of $41.47 and a 12 month high of $136.16. The firm’s 50-day moving average is $110.94 and its two-hundred day moving average is $87.44.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. As a group, analysts anticipate that Dell Technologies Inc. will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be paid a $0.445 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Monday, April 22nd. Dell Technologies’s dividend payout ratio is currently 40.73%.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the completion of the sale, the director now directly owns 408,694 shares of the company’s stock, valued at $51,626,226.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Michael S. Dell sold 41,550 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $107.03, for a total value of $4,447,096.50. Following the completion of the sale, the chief executive officer now directly owns 36,389,719 shares of the company’s stock, valued at $3,894,791,624.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 408,694 shares of the company’s stock, valued at $51,626,226.08. The disclosure for this sale can be found here. Insiders have sold 6,382,204 shares of company stock worth $718,452,037 over the last three months. Insiders own 48.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. The Goldman Sachs Group boosted their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Wells Fargo & Company boosted their price target on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Evercore ISI upped their target price on shares of Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Loop Capital started coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They set a “buy” rating and a $125.00 target price for the company. Finally, TD Cowen upped their target price on shares of Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.63.

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).