Fortitude Family Office LLC Purchases 275 Shares of Dell Technologies Inc. (NYSE:DELL)

Fortitude Family Office LLC lifted its position in Dell Technologies Inc. (NYSE:DELL) by 171.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 435 shares of the technology company’s stock after acquiring an additional 275 shares during the period. Fortitude Family Office LLC’s holdings in Dell Technologies were worth $50,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. First Hawaiian Bank grew its stake in shares of Dell Technologies by 52.5% in the 4th quarter. First Hawaiian Bank now owns 20,868 shares of the technology company’s stock worth $2,405,000 after buying an additional 7,181 shares during the last quarter. Farmers Trust Co. grew its stake in shares of Dell Technologies by 0.8% in the 4th quarter. Farmers Trust Co. now owns 31,699 shares of the technology company’s stock worth $3,653,000 after buying an additional 243 shares during the last quarter. Fortem Financial Group LLC grew its stake in shares of Dell Technologies by 1.5% in the 4th quarter. Fortem Financial Group LLC now owns 35,338 shares of the technology company’s stock worth $4,072,000 after buying an additional 527 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Dell Technologies by 2.7% in the 4th quarter. Nordea Investment Management AB now owns 1,350,773 shares of the technology company’s stock worth $155,771,000 after buying an additional 35,957 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of Dell Technologies in the 4th quarter worth approximately $854,000. Institutional investors own 76.37% of the company’s stock.

Analysts Set New Price Targets

DELL has been the topic of several recent research reports. Evercore ISI restated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Melius Research increased their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Barclays increased their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Mizuho cut their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Finally, Morgan Stanley increased their target price on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Three research 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 stock has an average rating of “Moderate Buy” and an average target price of $148.06.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Friday, November 15th. The stock was 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 disclosure for this sale can be found here. Insiders have sold a total of 946,132 shares of company stock valued at $115,666,897 over the last ninety days. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $114.91 on Friday. Dell Technologies Inc. has a one year low of $76.90 and a one year high of $179.70. The stock’s fifty day moving average is $125.51 and its 200 day moving average is $121.49. The stock has a market cap of $80.71 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 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 company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same period last year, the firm earned $1.62 EPS. Dell Technologies’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.55%. Dell Technologies’s dividend payout ratio is presently 31.45%.

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).