Baron Silver Stevens Financial Advisors LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 372 shares of the technology company’s stock, valued at approximately $27,000.
A number of other large investors have also recently modified their holdings of the stock. Advisory Services Network LLC boosted its stake in Dell Technologies by 12.8% during the fourth quarter. Advisory Services Network LLC now owns 1,220 shares of the technology company’s stock valued at $89,000 after buying an additional 138 shares during the period. Synovus Financial Corp boosted its position in shares of Dell Technologies by 3.5% during the 4th quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock valued at $344,000 after acquiring an additional 162 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Dell Technologies by 1.6% during the fourth quarter. Amalgamated Bank now owns 11,605 shares of the technology company’s stock worth $851,000 after purchasing an additional 186 shares in the last quarter. Hexavest Inc. increased its position in shares of Dell Technologies by 54.0% in the fourth quarter. Hexavest Inc. now owns 579 shares of the technology company’s stock worth $42,000 after purchasing an additional 203 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its stake in Dell Technologies by 6.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,379 shares of the technology company’s stock valued at $248,000 after purchasing an additional 212 shares in the last quarter. 27.38% of the stock is owned by institutional investors.
Several analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Dell Technologies from $98.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on Dell Technologies from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on Dell Technologies from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, March 2nd. Zacks Investment Research cut Dell Technologies from a “hold” rating to a “sell” rating in a report on Thursday, March 4th. Finally, Credit Suisse Group upped their target price on Dell Technologies from $70.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, March 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. Dell Technologies presently has an average rating of “Buy” and a consensus target price of $78.68.
Shares of NYSE:DELL opened at $91.51 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 7.29. The company has a 50-day moving average price of $85.65 and a 200-day moving average price of $74.54. The company has a market cap of $69.79 billion, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 0.95 and a beta of 0.96. Dell Technologies Inc. has a 12 month low of $37.20 and a 12 month high of $92.41.
Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, February 25th. The technology company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.51. The business had revenue of $26.15 billion during the quarter, compared to analyst estimates of $24.48 billion. Dell Technologies had a return on equity of 124.18% and a net margin of 2.63%. As a group, research analysts forecast that Dell Technologies Inc. will post 6.25 EPS for the current fiscal year.
Dell Technologies Profile
Dell Technologies Inc designs, develops, manufactures, markets, sells, and support IT hardware, software, and services solutions worldwide. It operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.
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