Wealth Alliance Acquires 1,395 Shares of Dell Technologies Inc. (NYSE:DELL)

Wealth Alliance grew its holdings in Dell Technologies Inc. (NYSE:DELL) by 42.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,650 shares of the technology company’s stock after purchasing an additional 1,395 shares during the period. Wealth Alliance’s holdings in Dell Technologies were worth $356,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC acquired a new position in Dell Technologies during the fourth quarter worth about $26,000. Pinnacle Bancorp Inc. lifted its stake in Dell Technologies by 96.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in Dell Technologies by 454.5% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock valued at $37,000 after buying an additional 400 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Dell Technologies during the first quarter worth $27,000. Finally, Castleview Partners LLC bought a new position in shares of Dell Technologies in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In related news, CEO Michael S. Dell sold 1,944,641 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $108.79, for a total transaction of $211,557,494.39. Following the completion of the sale, the chief executive officer now directly owns 33,412,241 shares of the company’s stock, valued at $3,634,917,698.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Michael S. Dell sold 41,550 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the completion of the transaction, the chief executive officer now directly owns 36,389,719 shares of the company’s stock, valued at approximately $3,894,791,624.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 1,944,641 shares of Dell Technologies stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $108.79, for a total transaction of $211,557,494.39. Following the completion of the sale, the chief executive officer now directly owns 33,412,241 shares in the company, valued at approximately $3,634,917,698.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,382,204 shares of company stock worth $718,452,037. Insiders own 48.60% of the company’s stock.

Dell Technologies Price Performance

NYSE:DELL opened at $118.38 on Friday. Dell Technologies Inc. has a one year low of $41.47 and a one year high of $136.16. The company has a market cap of $84.50 billion, a PE ratio of 27.09, a PEG ratio of 1.53 and a beta of 0.92. The firm has a 50-day moving average of $108.37 and a 200-day moving average of $85.89.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. The business had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. Dell Technologies’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 EPS. On average, equities research analysts expect that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.50%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. Dell Technologies’s dividend payout ratio is presently 40.73%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley upped their target price on Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Barclays raised their price target on shares of Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a research note on Friday, March 1st. UBS Group lifted their price objective on Dell Technologies from $99.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. JPMorgan Chase & Co. increased their price target on Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Finally, Evercore ISI raised their price objective on shares of Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $102.88.

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).