11,035 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,035 shares of the technology company’s stock, valued at approximately $1,272,000.

A number of other institutional investors also recently modified their holdings of DELL. Persium Advisors LLC bought a new stake in shares of Dell Technologies during the fourth quarter worth about $746,000. Wedmont Private Capital bought a new stake in Dell Technologies during the fourth quarter worth $247,000. Salem Investment Counselors Inc. raised its position in Dell Technologies by 2.8% in the 4th quarter. Salem Investment Counselors Inc. now owns 12,617 shares of the technology company’s stock valued at $1,454,000 after buying an additional 341 shares during the last quarter. Kieckhefer Group LLC purchased a new position in Dell Technologies during the 4th quarter worth $3,899,000. Finally, Brookstone Capital Management raised its holdings in shares of Dell Technologies by 448.0% in the fourth quarter. Brookstone Capital Management now owns 16,599 shares of the technology company’s stock valued at $1,913,000 after purchasing an additional 13,570 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction that occurred on 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 $97,059,962.61. This trade represents a 38.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 946,132 shares of company stock worth $115,666,897 over the last quarter. 46.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on DELL shares. Wells Fargo & Company lifted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Evercore ISI restated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Morgan Stanley lifted their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Melius Research raised their price objective 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. Finally, Mizuho decreased their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Trading Down 4.1 %

Shares of NYSE:DELL traded down $4.69 during trading on Monday, reaching $110.08. 11,341,807 shares of the company traded hands, compared to its average volume of 7,035,504. Dell Technologies Inc. has a 52-week low of $76.90 and a 52-week high of $179.70. The business’s fifty day moving average is $125.51 and its 200-day moving average is $121.24. The firm has a market capitalization of $77.32 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 earnings per share. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.62%. Dell Technologies’s dividend payout ratio (DPR) is presently 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).