Guggenheim Capital LLC cut its stake in Dell Technologies Inc. (NYSE: DELL – Get Rating) by 21.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,043 shares of the technology company stock after selling 8,584 shares during the period. Guggenheim Capital LLC’s holdings in Dell Technologies were worth $ 1,744,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Allegheny Financial Group LTD acquired a new position in shares of Dell Technologies in the 4th quarter worth approximately $ 25,000. Benjamin Edwards Inc. bought a new stake in Dell Technologies during the 4th quarter worth approximately $ 26,000. Endurance Wealth Management Inc. grew its position in Dell Technologies by 317.8% during the 4th quarter. Endurance Wealth Management Inc. now owns 493 shares of the technology company stock worth $ 28,000 after acquiring an additional 375 shares during the last quarter. Covestor Ltd bought a new stake in Dell Technologies during the 4th quarter worth approximately $ 31,000. Finally, CVA Family Office LLC grew its position in Dell Technologies by 68.8% during the 4th quarter. CVA Family Office LLC now owns 589 shares of the technology company stock worth $ 33,000 after acquiring an additional 240 shares during the last quarter. 30.05% of the stock is owned by institutional investors and hedge funds.
In other Dell Technologies news, General Counsel Richard J. Rothberg sold 64,892 shares of Dell Technologies stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $ 47.52, for a total value of $ 3,083,667.84. Following the sale, the general counsel now owns 160,212 shares of the company stock, valued at approximately $ 7,613,274.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brunilda Rios sold 5,789 shares of Dell Technologies stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $ 48.00, for a total value of $ 277,872.00. Following the completion of the sale, the chief accounting officer now directly owns 24,954 shares in the company, valued at approximately $ 1,197,792. The disclosure for this sale can be found here. Insiders have sold a total of 333,876 shares of company stock worth $ 17,449,150 in the last ninety days. 47.30% of the stock is currently owned by company insiders.
A number of research firms recently commented on DELL. Morgan Stanley decreased their price target on Dell Technologies from $ 60.00 to $ 56.00 and set an “equal weight” rating on the stock in a research report on Friday, May 27th. Bank of America increased their price target on Dell Technologies from $ 65.00 to $ 67.00 and gave the stock a “buy” rating in a research report on Friday, May 27th. Barclays increased their price target on Dell Technologies from $ 53.00 to $ 54.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 31st. KGI Securities began coverage on Dell Technologies in a research report on Tuesday, April 19th. They issued a “neutral” rating on the stock. Finally, Evercore ISI upgraded Dell Technologies from an “in-line” rating to an “outperform” rating and set a $ 60.00 price objective on the stock in a research report on Tuesday, March 8th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $ 71.77.
NYSE: DELL opened at $ 49.16 on Monday. Dell Technologies Inc. has a 12-month low of $ 38.33 and a 12-month high of $ 61.54. The company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $ 37.38 billion, a P / E ratio of 6.74, a P / E / G ratio of 0.68 and a beta of 0.89. The stock’s fifty day simple moving average is $ 47.00 and its 200-day simple moving average is $ 52.81.
Dell Technologies (NYSE: DELL – Get Rating) last issued its quarterly earnings data on Thursday, May 26th. The technology company reported $ 1.84 EPS for the quarter, topping the consensus estimate of $ 1.39 by $ 0.45. The business had revenue of $ 26.12 billion for the quarter, compared to the estimate consensus of $ 25.23 billion. Dell Technologies had a return on equity of 126.94% and a net margin of 5.29%. The firm’s revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $ 2.13 EPS. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Wednesday, July 20th will be paid a dividend of $ 0.33 per share. This represents a $ 1.32 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, July 19th. Dell Technologies’s payout ratio is presently 18.11%.
Dell Technologies Profile: (Get Rating)
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.
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