Ameliora Wealth Management Ltd. Sells 100 Shares of Dell Technologies Inc. (NYSE:DELL)

Ameliora Wealth Management Ltd. decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 4.8% in the fourth quarter, HoldingsChannel reports. The fund owned 2,000 shares of the technology company’s stock after selling 100 shares during the quarter. Ameliora Wealth Management Ltd.’s holdings in Dell Technologies were worth $230,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. State Street Corp increased its position in shares of Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after purchasing an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC increased its position in Dell Technologies by 71.8% during the third 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 period. International Assets Investment Management LLC grew its holdings in shares of Dell Technologies by 19,376.1% during the third 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 last quarter. Swedbank AB raised its position in Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after buying an additional 1,690,709 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Dell Technologies by 5,047.4% in the third 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 in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now directly owns 228,419 shares of the company’s stock, valued at $28,739,678.58. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 946,132 shares of company stock worth $115,660,009. 46.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DELL. Wells Fargo & Company increased their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Citigroup cut their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Evercore ISI restated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Morgan Stanley lifted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Melius Research lifted their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Price Performance

DELL opened at $105.90 on Friday. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70. The firm has a market capitalization of $74.18 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 1.10 and a beta of 0.90. The company’s 50 day moving average price is $115.27 and its two-hundred day moving average price is $117.48.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same period last year, the company earned $1.62 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

Dell Technologies 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).