Raleigh Capital Management Inc. Sells 778 Shares of Dell Technologies Inc. (NYSE:DELL)

Raleigh Capital Management Inc. lowered its stake in Dell Technologies Inc. (NYSE:DELL) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,504 shares of the technology company’s stock after selling 778 shares during the period. Raleigh Capital Management Inc.’s holdings in Dell Technologies were worth $750,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Burns J W & Co. Inc. NY bought a new position in Dell Technologies in the 4th quarter worth about $1,272,000. iA Global Asset Management Inc. boosted its holdings in shares of Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after acquiring an additional 5,203 shares during the last quarter. National Pension Service grew its stake in shares of Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after acquiring an additional 50,304 shares during the period. Sky Investment Group LLC bought a new position in Dell Technologies during the fourth quarter valued at approximately $1,687,000. Finally, Woodmont Investment Counsel LLC purchased a new stake in Dell Technologies in the third quarter worth approximately $5,780,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 3.1 %

DELL opened at $114.99 on Thursday. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70. The stock has a fifty day moving average price of $121.53 and a 200-day moving average price of $119.67. The firm has a market cap of $80.55 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.18 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its quarterly 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 for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business earned $1.62 EPS. On average, equities research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued 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 dividend yield of 1.55%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insider Buying and Selling

In related news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’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 transaction of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock worth $115,573,009 in the last ninety days. 46.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Mizuho cut their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Barclays boosted their price target on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.06.

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).