Savant Capital LLC Grows Stock Position in Dell Technologies Inc. (NYSE:DELL)

Savant Capital LLC raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,435 shares of the technology company’s stock after buying an additional 432 shares during the quarter. Savant Capital LLC’s holdings in Dell Technologies were worth $339,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Anchor Investment Management LLC purchased a new stake in Dell Technologies during the fourth quarter valued at about $26,000. Pinnacle Bancorp Inc. increased its position in Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after purchasing an additional 188 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings 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 during the period. Castleview Partners LLC acquired a new position in Dell Technologies during the third quarter valued at approximately $39,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Dell Technologies by 1,456.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock worth $46,000 after acquiring an additional 568 shares in the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In other Dell Technologies news, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total value of $2,193,026.00. Following the completion of the transaction, the insider now directly owns 206,961 shares in the company, valued at $24,856,016.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Michael S. Dell sold 1,944,641 shares of Dell Technologies stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $108.79, for a total value of $211,557,494.39. Following 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jennifer D. Saavedra sold 18,260 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the completion of the transaction, the insider now owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock valued at $718,452,037 in the last quarter. Insiders own 48.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DELL shares. Evercore ISI lifted their target price on shares of Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Morgan Stanley upped their target price on Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. UBS Group raised their target price on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Barclays upped their price target on Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. Finally, Loop Capital assumed coverage on shares of Dell Technologies in a research note on Wednesday, February 28th. They set a “buy” rating and a $125.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $104.63.

Dell Technologies Stock Performance

Shares of DELL stock opened at $129.37 on Tuesday. The stock has a market capitalization of $92.34 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 1.58 and a beta of 0.87. Dell Technologies Inc. has a one year low of $44.19 and a one year high of $136.16. The company’s 50-day simple moving average is $117.20 and its 200-day simple moving average is $90.78.

Dell Technologies (NYSE:DELL) last issued its earnings results 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 negative return on equity of 172.07% and a net margin of 3.63%. The company had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the firm earned $1.55 EPS. The business’s revenue was down 10.9% on a year-over-year basis. As a group, research analysts forecast that Dell Technologies Inc. will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were issued a $0.445 dividend. The ex-dividend date was Monday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 1.38%. Dell Technologies’s payout ratio 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).