Concurrent Investment Advisors LLC Sells 470 Shares of Dell Technologies Inc. (NYSE:DELL)

Concurrent Investment Advisors LLC decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 10.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,952 shares of the technology company’s stock after selling 470 shares during the period. Concurrent Investment Advisors LLC’s holdings in Dell Technologies were worth $455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DELL. Optimist Retirement Group LLC raised its stake in Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after buying an additional 463 shares during the period. Louisiana State Employees Retirement System bought a new stake in Dell Technologies in the third quarter valued at approximately $1,920,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Dell Technologies by 38.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,296 shares of the technology company’s stock worth $5,924,000 after purchasing an additional 13,716 shares during the period. Forsta AP Fonden increased its stake in shares of Dell Technologies by 38.8% during the third quarter. Forsta AP Fonden now owns 87,300 shares of the technology company’s stock worth $10,349,000 after purchasing an additional 24,400 shares during the period. Finally, Arkadios Wealth Advisors increased its stake in shares of Dell Technologies by 461.4% during the third quarter. Arkadios Wealth Advisors now owns 13,121 shares of the technology company’s stock worth $1,555,000 after purchasing an additional 10,784 shares during the period. Institutional investors own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of several recent analyst reports. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Morgan Stanley dropped their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Bank of America dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, 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 report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were 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 of the company’s stock, valued at $97,386,032.16. This trade represents a 11.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 937,407 shares of company stock valued at $114,418,186. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Stock Performance

NYSE:DELL opened at $114.08 on Tuesday. The company has a market capitalization of $79.91 billion, a PE ratio of 20.16, a P/E/G ratio of 1.10 and a beta of 0.90. The company has a 50 day simple moving average of $113.00 and a two-hundred day simple moving average of $118.08. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate 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 prior year, the firm posted $1.62 EPS. Research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio 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).