Thurston Springer Miller Herd & Titak Inc. Has $119,000 Stake in Dell Technologies Inc. (NYSE:DELL)

Thurston Springer Miller Herd & Titak Inc. reduced its holdings in Dell Technologies Inc. (NYSE:DELL) by 44.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,033 shares of the technology company’s stock after selling 836 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Dell Technologies were worth $119,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Burns J W & Co. Inc. NY acquired a new stake in Dell Technologies in the 4th quarter worth $1,272,000. iA Global Asset Management Inc. lifted its stake in shares of Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after buying an additional 5,203 shares during the period. National Pension Service increased its stake in Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after acquiring an additional 50,304 shares during the period. Woodmont Investment Counsel LLC acquired a new position in Dell Technologies in the 3rd quarter valued at approximately $5,780,000. Finally, Retirement Systems of Alabama bought a new stake in shares of Dell Technologies in the 3rd quarter worth approximately $7,435,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of research reports. Morgan Stanley boosted their price objective on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Evercore ISI restated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Wells Fargo & Company lifted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Finally, Barclays increased their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Stock Down 0.4 %

Shares of NYSE:DELL opened at $109.65 on Friday. The firm has a market cap of $76.81 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.21 and a beta of 0.92. Dell Technologies Inc. has a 12 month low of $77.70 and a 12 month high of $179.70. The company’s 50-day moving average price is $123.00 and its two-hundred day moving average price is $120.45.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating 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 business had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction on 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 completion of the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock worth $115,573,009 over the last 90 days. Insiders own 46.70% of the company’s stock.

Dell Technologies 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).