TCG Advisory Services LLC Buys New Position in Dell Technologies Inc. (NYSE:DELL)

TCG Advisory Services LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 47,925 shares of the technology company’s stock, valued at approximately $3,666,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in shares of Dell Technologies during the 4th quarter worth $26,000. Pinnacle Bancorp Inc. increased its stake in Dell Technologies by 96.9% in 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% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock worth $37,000 after buying an additional 400 shares during the period. Castleview Partners LLC acquired a new position in shares of Dell Technologies in the third quarter worth about $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 owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the transaction, the director now owns 535,816 shares of the company’s stock, valued at approximately $71,997,595.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total value of $5,716,771.65. Following the sale, the director now directly owns 535,816 shares in the company, valued at approximately $71,997,595.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the transaction, the insider now directly 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.

Dell Technologies Trading Up 1.4 %

Dell Technologies stock traded up $1.71 during mid-day trading on Friday, hitting $125.10. 3,942,765 shares of the company’s stock were exchanged, compared to its average volume of 6,811,654. Dell Technologies Inc. has a 1-year low of $44.08 and a 1-year high of $136.16. The stock has a 50 day moving average of $115.77 and a two-hundred day moving average of $89.63. The stock has a market cap of $89.30 billion, a P/E ratio of 28.63, a P/E/G ratio of 1.56 and a beta of 0.87.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same period last year, the business earned $1.55 EPS. The firm’s revenue was down 10.9% compared to the same quarter last year. As a group, research analysts predict that Dell Technologies Inc. will post 6.58 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.42%. The ex-dividend date was Monday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio (DPR) is 40.73%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Evercore ISI lifted their price objective on shares of Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. The Goldman Sachs Group upped their price target on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 4th. UBS Group raised their price objective on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Loop Capital assumed coverage on Dell Technologies in a report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Barclays raised their price target on shares of Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Dell Technologies 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).