Moors & Cabot Inc. Trims Stock Position in Dell Technologies Inc. (NYSE:DELL)

Moors & Cabot Inc. decreased its position in Dell Technologies Inc. (NYSE:DELLFree Report) by 9.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,448 shares of the technology company’s stock after selling 380 shares during the period. Moors & Cabot Inc.’s holdings in Dell Technologies were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC boosted its holdings in Dell Technologies by 200.0% in the third quarter. Rise Advisors LLC now owns 357 shares of the technology company’s stock valued at $25,000 after purchasing an additional 238 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Dell Technologies during the first quarter worth about $27,000. Compass Wealth Management LLC purchased a new position in Dell Technologies during the fourth quarter valued at approximately $28,000. Tower Research Capital LLC TRC lifted its holdings in Dell Technologies by 263.8% in the first quarter. Tower Research Capital LLC TRC now owns 713 shares of the technology company’s stock valued at $29,000 after acquiring an additional 517 shares during the period. Finally, KB Financial Partners LLC acquired a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $78.81, for a total transaction of $250,613,593.32. Following the completion of the transaction, the director now directly owns 293,812 shares of the company’s stock, valued at approximately $23,155,323.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 48.60% of the company’s stock.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $82.68 on Wednesday. Dell Technologies Inc. has a fifty-two week low of $35.96 and a fifty-two week high of $86.90. The firm has a market capitalization of $58.84 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.19 and a beta of 0.90. The stock has a 50 day moving average of $77.01 and a 200 day moving average of $69.30.

Dell Technologies (NYSE:DELLGet Free Report) last issued its quarterly earnings data on Thursday, November 30th. The technology company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.42. Dell Technologies had a net margin of 2.92% and a negative return on equity of 150.29%. The firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.01 billion. During the same period in the previous year, the firm earned $2.01 EPS. Dell Technologies’s revenue was down 10.0% on a year-over-year basis. Analysts forecast that Dell Technologies Inc. will post 5.66 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Investors of record on Tuesday, January 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Monday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is 40.88%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DELL shares. Sanford C. Bernstein increased their price target on shares of Dell Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, January 3rd. The Goldman Sachs Group raised their target price on Dell Technologies from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Friday, December 1st. Raymond James upped their price target on Dell Technologies from $68.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. TD Cowen raised their price objective on Dell Technologies from $58.00 to $75.00 and gave the company a “market perform” rating in a report on Friday, December 1st. Finally, JPMorgan Chase & Co. upgraded Dell Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the company from $77.00 to $90.00 in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.80.

Get Our Latest Stock Analysis on Dell Technologies

Dell Technologies Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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