Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management grew its holdings in Dell Technologies Inc. (NYSE:DELL) by 2,037.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,700 shares of the technology company’s stock after acquiring an additional 31,170 shares during the quarter. Picton Mahoney Asset Management’s holdings in Dell Technologies were worth $2,502,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DELL. Anchor Investment Management LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth about $26,000. Pinnacle Bancorp Inc. raised its position in Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after acquiring an additional 188 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised 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 in the last quarter. GPS Wealth Strategies Group LLC raised its position in 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 valued at $46,000 after acquiring an additional 568 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in Dell Technologies during the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the transaction, the director now owns 408,694 shares of the company’s stock, valued at approximately $51,626,226.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Jennifer D. Saavedra sold 18,260 shares of the 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 transaction, the insider now owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the transaction, the director now directly owns 408,694 shares in the company, valued at approximately $51,626,226.08. The disclosure for this sale can be found here. Insiders have 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.

Dell Technologies Trading Up 3.3 %

NYSE DELL traded up $4.20 on Wednesday, reaching $131.75. 4,917,931 shares of the company were exchanged, compared to its average volume of 6,950,269. The business’s fifty day moving average price is $117.92 and its 200 day moving average price is $91.22. The stock has a market capitalization of $94.04 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 1.58 and a beta of 0.87. Dell Technologies Inc. has a fifty-two week low of $44.19 and a fifty-two week high of $136.16.

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

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were paid a dividend of $0.445 per share. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.35%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s payout ratio is 40.73%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Evercore ISI boosted their price objective on Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Wells Fargo & Company boosted their price objective on Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. TD Cowen boosted their price objective on 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, Loop Capital assumed coverage on Dell Technologies in a research report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.63.

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).