Ballentine Partners LLC Has $1.18 Million Stake in Dell Technologies Inc. (NYSE:DELL)

Ballentine Partners LLC decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,192 shares of the technology company’s stock after selling 334 shares during the quarter. Ballentine Partners LLC’s holdings in Dell Technologies were worth $1,175,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DELL. Amalgamated Bank acquired a new stake in Dell Technologies in the 2nd quarter worth about $1,941,000. EverSource Wealth Advisors LLC raised its stake in Dell Technologies by 97.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 428 shares of the technology company’s stock worth $59,000 after purchasing an additional 211 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Dell Technologies in the 2nd quarter worth about $2,717,000. Lombard Odier Asset Management USA Corp acquired a new stake in Dell Technologies in the 2nd quarter worth about $248,000. Finally, Bank of Montreal Can raised its position in shares of Dell Technologies by 383.2% in the 2nd quarter. Bank of Montreal Can now owns 368,695 shares of the technology company’s stock valued at $51,772,000 after buying an additional 292,393 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $111.59 on Wednesday. Dell Technologies Inc. has a 52-week low of $80.49 and a 52-week high of $179.70. The firm has a 50 day moving average price of $122.42 and a two-hundred day moving average price of $119.90. The stock has a market cap of $78.17 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the prior year, the company posted $1.62 earnings per share. Dell Technologies’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DELL. Mizuho dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Citigroup dropped their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Evercore ISI restated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Morgan Stanley lifted their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $148.06.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at approximately $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock worth $115,573,009 over the last three months. 46.70% of the stock is owned by company insiders.

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).