Avity Investment Management Inc. Lowers Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Avity Investment Management Inc. lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 8.5% during the 4th quarter, Holdings Channel reports. The firm owned 6,220 shares of the technology company’s stock after selling 580 shares during the period. Avity Investment Management Inc.’s holdings in Dell Technologies were worth $717,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Clean Yield Group acquired a new stake in Dell Technologies in the 3rd quarter valued at about $25,000. Nemes Rush Group LLC acquired a new stake in Dell Technologies in the second quarter valued at approximately $33,000. True Wealth Design LLC grew its holdings in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Dell Technologies in the 2nd quarter valued at approximately $37,000. Finally, Carolinas Wealth Consulting LLC raised its holdings in shares of Dell Technologies by 1,130.4% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 283 shares of the technology company’s stock valued at $39,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Trading Down 1.1 %

NYSE DELL opened at $108.99 on Wednesday. The stock has a market capitalization of $76.34 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 1.25 and a beta of 0.92. The business’s 50 day moving average is $124.62 and its two-hundred day moving average is $120.83. Dell Technologies Inc. has a 12-month low of $76.90 and a 12-month high of $179.70.

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, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 earnings per share. Equities analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DELL shares. Mizuho lowered 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 note on Wednesday, November 27th. Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Morgan Stanley boosted 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. Citigroup dropped their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’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 sale, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the transaction, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 945,407 shares of company stock worth $115,573,009. 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).