Burney Co. Acquires Shares of 15,438 Dell Technologies Inc. (NYSE:DELL)

Burney Co. acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 15,438 shares of the technology company’s stock, valued at approximately $1,779,000.

Several other large investors have also recently bought and sold shares of DELL. Intrepid Financial Planning Group LLC increased its holdings in shares of Dell Technologies by 0.7% in the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock valued at $1,423,000 after acquiring an additional 80 shares during the last quarter. Smithfield Trust Co boosted its holdings in Dell Technologies by 8.0% in the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after purchasing an additional 84 shares in the last quarter. Graypoint LLC raised its holdings in Dell Technologies by 4.3% during the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after purchasing an additional 86 shares in the last quarter. Affinity Wealth Management LLC lifted its position in shares of Dell Technologies by 2.5% during the 3rd quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock worth $422,000 after buying an additional 87 shares during the last quarter. Finally, ASB Consultores LLC grew its position in shares of Dell Technologies by 4.6% in the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock valued at $236,000 after buying an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Up 0.1 %

Shares of DELL stock opened at $109.19 on Thursday. Dell Technologies Inc. has a 12-month low of $76.90 and a 12-month high of $179.70. The company has a market cap of $76.48 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.25 and a beta of 0.92. The stock has a 50 day simple moving average of $124.62 and a 200-day simple moving average of $120.83.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter last year, the company earned $1.62 earnings per share. Dell Technologies’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.63%. Dell Technologies’s payout ratio is currently 31.45%.

Insider Activity

In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s 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 completion of the transaction, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the sale, the director now owns 777,347 shares in the company, valued at $97,386,032.16. This represents a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 945,407 shares of company stock worth $115,573,009. Company insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DELL shares. Wells Fargo & Company boosted their price target 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. Mizuho decreased their target price on 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 cut their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley raised their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Melius Research increased their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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).