Clear Harbor Asset Management LLC Acquires 216 Shares of Dell Technologies Inc. (NYSE:DELL)

Clear Harbor Asset Management LLC grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 2.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,191 shares of the technology company’s stock after purchasing an additional 216 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Dell Technologies were worth $944,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DELL. Intrepid Financial Planning Group LLC boosted its position in shares of Dell Technologies by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock valued at $1,423,000 after acquiring an additional 80 shares during the last quarter. Smithfield Trust Co raised its stake in Dell Technologies by 8.0% during the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after purchasing an additional 84 shares in the last quarter. Graypoint LLC increased its holdings in shares of Dell Technologies by 4.3% in the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after buying an additional 86 shares during the last quarter. Affinity Wealth Management LLC raised its position in shares of Dell Technologies by 2.5% during the 3rd quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock valued at $422,000 after buying an additional 87 shares in the last quarter. Finally, ASB Consultores LLC lifted its holdings in shares of Dell Technologies by 4.6% in the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock valued at $236,000 after acquiring an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the transaction, the director now directly owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock valued at $115,573,009 over the last quarter. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Trading Up 1.8 %

Shares of Dell Technologies stock opened at $111.59 on Wednesday. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70. The stock’s fifty day moving average price is $122.42 and its 200-day moving average price is $119.90. The firm has a market cap of $78.17 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.16 and a beta of 0.92.

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

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of recent research reports. Citigroup decreased their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lowered their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Barclays increased their target price 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 target 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 reduced their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

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).