Equitable Trust Co. Invests $210,000 in Dell Technologies Inc. (NYSE:DELL)

Equitable Trust Co. bought a new position in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,750 shares of the technology company’s stock, valued at approximately $210,000.

Other institutional investors have also recently modified their holdings of the company. Raymond James & Associates increased its holdings in shares of Dell Technologies by 27.2% in the 4th quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock worth $20,936,000 after purchasing an additional 58,590 shares in the last quarter. Nordea Investment Management AB raised its position in Dell Technologies by 158.3% in the 4th quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock worth $17,762,000 after buying an additional 142,337 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Dell Technologies by 1,475.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock valued at $22,230,000 after acquiring an additional 272,144 shares during the period. AustralianSuper Pty Ltd boosted its holdings in shares of Dell Technologies by 14.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,339,514 shares of the technology company’s stock valued at $102,473,000 after acquiring an additional 164,930 shares during the last quarter. Finally, DNB Asset Management AS raised its holdings in shares of Dell Technologies by 0.3% during the fourth quarter. DNB Asset Management AS now owns 111,225 shares of the technology company’s stock valued at $8,509,000 after purchasing an additional 369 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 239,112 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $79.43, for a total value of $18,992,666.16. Following the transaction, the director now directly owns 293,812 shares in the company, valued at approximately $23,337,487.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the transaction, the insider now directly owns 356,077 shares in the company, valued at approximately $45,987,344.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 239,112 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $79.43, for a total transaction of $18,992,666.16. Following the completion of the sale, the director now owns 293,812 shares of the company’s stock, valued at approximately $23,337,487.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,707,334 shares of company stock valued at $975,567,112. 48.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DELL has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Evercore ISI boosted their target price on shares of Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Loop Capital initiated coverage on shares of Dell Technologies in a research report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 price target on the stock. TD Cowen boosted their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research report on Friday, March 1st. Finally, Wells Fargo & Company lifted their target price on Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.88.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $123.70 on Wednesday. Dell Technologies Inc. has a 1-year low of $39.90 and a 1-year high of $136.16. The business’s 50 day moving average is $103.37 and its two-hundred day moving average is $83.59. The stock has a market capitalization of $88.30 billion, a P/E ratio of 28.31, a PEG ratio of 1.68 and a beta of 0.92.

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

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.44%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is 40.73%.

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).