Verdence Capital Advisors LLC Sells 223 Shares of Dell Technologies Inc. (NYSE:DELL)

Verdence Capital Advisors LLC trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,985 shares of the technology company’s stock after selling 223 shares during the period. Verdence Capital Advisors LLC’s holdings in Dell Technologies were worth $611,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Anchor Investment Management LLC acquired a new position in Dell Technologies during the 4th quarter worth about $26,000. Pinnacle Bancorp Inc. increased its holdings in shares of Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its position in Dell Technologies by 454.5% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock worth $37,000 after purchasing an additional 400 shares during the last quarter. Castleview Partners LLC bought a new position in Dell Technologies in the 3rd quarter valued at $39,000. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of Dell Technologies by 1,456.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock valued at $46,000 after buying an additional 568 shares during the period. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on DELL shares. TD Cowen boosted their price objective on Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Loop Capital started coverage on shares of Dell Technologies in a research note on Wednesday, February 28th. They issued a “buy” rating and a $125.00 price objective on the stock. Morgan Stanley upped their target price on shares of Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Evercore ISI lifted their price objective on Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Finally, JPMorgan Chase & Co. increased their target price on Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.63.

Dell Technologies Price Performance

DELL stock opened at $115.54 on Tuesday. Dell Technologies Inc. has a 1 year low of $41.47 and a 1 year high of $136.16. The stock has a market cap of $82.47 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 1.45 and a beta of 0.92. The company has a 50 day simple moving average of $109.53 and a 200 day simple moving average of $86.83.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.73 by $0.47. The firm had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The business’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period last year, the company earned $1.55 earnings per share. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.58 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be given a $0.445 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Monday, April 22nd. Dell Technologies’s dividend payout ratio is 33.87%.

Insider Activity

In related news, General Counsel Richard J. Rothberg sold 93,954 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the sale, the general counsel now directly owns 86,836 shares in the company, valued at $11,544,846.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, General Counsel Richard J. Rothberg sold 93,954 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the sale, the general counsel now owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the transaction, the director now directly owns 535,816 shares in the company, valued at $71,997,595.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,382,204 shares of company stock valued at $718,452,037. Insiders own 48.60% of the company’s stock.

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).