Salem Investment Counselors Inc. Grows Position in Dell Technologies Inc. (NYSE:DELL)

Salem Investment Counselors Inc. grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,617 shares of the technology company’s stock after purchasing an additional 341 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Dell Technologies were worth $1,454,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DELL. Clean Yield Group acquired a new position in shares of Dell Technologies in the third quarter worth about $25,000. True Wealth Design LLC increased its stake in shares of Dell Technologies by 2,530.0% in 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. Nemes Rush Group LLC purchased a new position in Dell Technologies during the second quarter worth approximately $33,000. MCF Advisors LLC grew its holdings in Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after purchasing an additional 165 shares during the period. Finally, Covestor Ltd increased its position in shares of Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after buying an additional 218 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 945,407 shares of company stock worth $115,573,009 over the last three months. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $110.08 on Tuesday. The firm has a market capitalization of $77.32 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $76.90 and a fifty-two week high of $179.70. The stock has a 50 day moving average of $125.11 and a 200 day moving average of $121.03.

Dell Technologies (NYSE:DELL) last announced its 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. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter last year, the firm posted $1.62 earnings per share. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. Analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Melius Research lifted their target price on shares of 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 restated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Wells Fargo & Company boosted their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Barclays raised their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $148.06.

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).