Persium Advisors LLC Purchases Shares of 6,477 Dell Technologies Inc. (NYSE:DELL)

Persium Advisors LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,477 shares of the technology company’s stock, valued at approximately $746,000. Dell Technologies accounts for about 0.7% of Persium Advisors LLC’s holdings, making the stock its 12th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Clean Yield Group bought a new position in Dell Technologies during the third quarter worth $25,000. Nemes Rush Group LLC bought a new position in shares of Dell Technologies during the 2nd quarter worth about $33,000. True Wealth Design LLC raised its position in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares during the last quarter. Kimelman & Baird LLC acquired a new stake in Dell Technologies during the second quarter worth about $37,000. Finally, Carolinas Wealth Consulting LLC increased its stake in Dell Technologies by 1,130.4% during the second quarter. Carolinas Wealth Consulting LLC now owns 283 shares of the technology company’s stock valued at $39,000 after acquiring an additional 260 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Down 4.3 %

DELL stock traded down $4.93 during mid-day trading on Monday, hitting $109.84. 9,070,644 shares of the company were exchanged, compared to its average volume of 6,650,652. The stock has a market capitalization of $77.15 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a 1-year low of $76.90 and a 1-year high of $179.70. The business has a 50 day simple moving average of $125.51 and a 200-day simple moving average of $121.24.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm earned $1.62 earnings per share. Equities research analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now owns 23,680 shares in the company, valued at $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 946,132 shares of company stock valued at $115,666,897 in the last 90 days. 46.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on DELL shares. Melius Research boosted their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Barclays raised their price target on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Finally, Citigroup reduced their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Company 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).