Atria Wealth Solutions Inc. Decreases Holdings in Dell Technologies Inc. (NYSE:DELL)

Atria Wealth Solutions Inc. lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,848 shares of the technology company’s stock after selling 202 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Dell Technologies were worth $294,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Anchor Investment Management LLC bought a new position in Dell Technologies during the fourth quarter worth about $26,000. Pinnacle Bancorp Inc. grew its position in Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after acquiring an additional 188 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its position in Dell Technologies by 454.5% during 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 acquiring an additional 400 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of Dell Technologies by 1,456.4% during 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. Finally, Friedenthal Financial purchased a new stake in shares of Dell Technologies in the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 624,450 shares of Dell Technologies stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total value of $74,809,110.00. Following the completion of the sale, the chief executive officer now owns 39,787,791 shares of the company’s stock, valued at approximately $4,766,577,361.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Jennifer D. Saavedra sold 18,260 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total value of $2,193,026.00. Following the sale, the insider now owns 206,961 shares in the company, valued at $24,856,016.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 624,450 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $119.80, for a total value of $74,809,110.00. Following the transaction, the chief executive officer now directly owns 39,787,791 shares in the company, valued at $4,766,577,361.80. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock worth $718,452,037 in the last three months. Insiders own 48.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DELL. Loop Capital began coverage on Dell Technologies in a report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 price objective on the stock. UBS Group raised their price target on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, April 19th. JPMorgan Chase & Co. increased their target price on shares of Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Sanford C. Bernstein boosted their price target on Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, Barclays increased their price objective on Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $104.63.

Dell Technologies Stock Up 3.3 %

Dell Technologies stock opened at $131.75 on Thursday. The stock’s 50 day moving average is $117.92 and its 200 day moving average is $91.22. The company has a market capitalization of $94.04 billion, a P/E ratio of 30.15, a PEG ratio of 1.58 and a beta of 0.87. Dell Technologies Inc. has a twelve month low of $44.19 and a twelve month high of $136.16.

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

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.35%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio (DPR) is 40.73%.

About Dell Technologies

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).