Patriot Financial Group Insurance Agency LLC Has $321,000 Stock Position in Dell Technologies Inc. (NYSE:DELL)

Patriot Financial Group Insurance Agency LLC lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,782 shares of the technology company’s stock after selling 243 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Dell Technologies were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DELL. State Street Corp raised its stake in Dell Technologies by 92.4% in the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after acquiring an additional 6,131,507 shares during the period. Geode Capital Management LLC lifted its stake in shares of Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after buying an additional 2,641,456 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after buying an additional 2,415,234 shares during the period. Franklin Resources Inc. grew its stake in Dell Technologies by 5,047.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock valued at $131,170,000 after buying an additional 1,002,117 shares during the last quarter. Finally, KBC Group NV lifted its position in Dell Technologies by 633.8% during the fourth quarter. KBC Group NV now owns 831,524 shares of the technology company’s stock worth $95,825,000 after acquiring an additional 718,214 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Up 1.7 %

Dell Technologies stock opened at $103.06 on Thursday. The stock has a market cap of $72.19 billion, a PE ratio of 18.21, a P/E/G ratio of 1.22 and a beta of 0.92. Dell Technologies Inc. has a 12-month low of $80.49 and a 12-month high of $179.70. The business’s 50-day moving average price is $119.43 and its two-hundred day moving average price is $118.51.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the prior year, the company earned $1.62 EPS. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

Wall Street Analyst Weigh In

DELL has been the topic of several research reports. Melius Research upped their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI reissued an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Barclays upped their price target on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Mizuho lowered their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

Insiders Place Their Bets

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 946,132 shares of company stock valued at $115,660,009 in the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Company 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).