Franklin Street Advisors Inc. NC Has $15.82 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Franklin Street Advisors Inc. NC boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 17.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 137,245 shares of the technology company’s stock after purchasing an additional 20,719 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Dell Technologies were worth $15,816,000 at the end of the most recent quarter.

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

Dell Technologies Trading Down 2.6 %

NYSE DELL traded down $3.11 during trading hours on Friday, hitting $116.20. 2,951,206 shares of the company’s stock traded hands, compared to its average volume of 5,427,989. The business’s fifty day moving average price is $125.83 and its two-hundred day moving average price is $121.65. The firm has a market capitalization of $81.39 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.26 and a beta of 0.92. Dell Technologies Inc. has a 52 week low of $76.90 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the business posted $1.62 EPS. Dell Technologies’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, sell-side analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. 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 1.53%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of research analyst reports. Citigroup decreased their target price 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. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Melius Research raised their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Mizuho dropped their price target 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 investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.06.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’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 transaction of $40,489,794.84. Following the transaction, the director now directly owns 810,657 shares in the company, 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. In the last 90 days, insiders sold 946,132 shares of company stock worth $115,666,897. 46.70% of the stock is currently owned by company insiders.

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).