Brooklyn Investment Group Raises Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Brooklyn Investment Group raised its stake in Dell Technologies Inc. (NYSE:DELL) by 18.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 610 shares of the technology company’s stock after purchasing an additional 96 shares during the period. Brooklyn Investment Group’s holdings in Dell Technologies were worth $70,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in DELL. Clean Yield Group acquired a new stake in Dell Technologies in the third quarter worth about $25,000. Nemes Rush Group LLC acquired a new stake in Dell Technologies in the 2nd quarter worth approximately $33,000. True Wealth Design LLC increased its stake in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares in the last quarter. Kimelman & Baird LLC purchased a new position in shares of Dell Technologies in the second quarter worth $37,000. Finally, MCF Advisors LLC lifted its stake in shares of Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after buying an additional 165 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 945,407 shares of company stock valued at $115,573,009 over the last 90 days. 46.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on DELL shares. Citigroup lowered their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Wells Fargo & Company lifted their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Morgan Stanley increased their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Finally, Mizuho cut 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 note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Stock Performance

NYSE:DELL opened at $109.65 on Monday. The company has a fifty day moving average of $123.00 and a two-hundred day moving average of $120.13. Dell Technologies Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $179.70. The stock has a market capitalization of $76.81 billion, a PE ratio of 19.37, a P/E/G ratio of 1.21 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share 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 for the quarter, compared to analyst estimates of $24.67 billion. During the same period last year, the company posted $1.62 EPS. Dell Technologies’s quarterly revenue was up 9.5% compared to the same quarter last year. Research analysts forecast 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. Shareholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.62%. Dell Technologies’s payout ratio is currently 31.45%.

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).