Great Lakes Retirement Inc. Sells 197 Shares of Dell Technologies Inc. (NYSE:DELL)

Great Lakes Retirement Inc. decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 1.0% in the 4th quarter, HoldingsChannel reports. The firm owned 18,981 shares of the technology company’s stock after selling 197 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Dell Technologies were worth $2,187,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $28,000. True Wealth Design LLC grew its position 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 during the last quarter. MCF Advisors LLC increased its holdings in Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after purchasing an additional 165 shares in the last quarter. Covestor Ltd boosted its stake in shares of Dell Technologies by 290.7% during the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after purchasing an additional 218 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after buying an additional 111 shares during the period. 76.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

DELL has been the subject of several recent research reports. Evercore ISI restated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Wells Fargo & Company upped their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. reduced their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday. Mizuho dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft decreased 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 analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $147.47.

Dell Technologies Stock Performance

DELL stock opened at $111.46 on Wednesday. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70. The stock has a fifty day moving average of $114.20 and a 200-day moving average of $117.19. The company has a market capitalization of $78.07 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its earnings results 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. The firm 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 was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $1.62 earnings per share. Equities analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.60%. Dell Technologies’s payout ratio is 31.45%.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 946,132 shares of company stock valued at $115,660,009 over the last three months. Company insiders own 46.70% of the company’s stock.

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).