Aspire Private Capital LLC Acquires 429 Shares of Dell Technologies Inc. (NYSE:DELL)

Aspire Private Capital LLC boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,512 shares of the technology company’s stock after purchasing an additional 429 shares during the period. Aspire Private Capital LLC’s holdings in Dell Technologies were worth $1,034,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Anchor Investment Management LLC bought a new stake in Dell Technologies during the fourth quarter worth about $26,000. Pinnacle Bancorp Inc. lifted its position in shares of Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after purchasing an additional 188 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of Dell Technologies by 454.5% during the fourth 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 in the last quarter. Castleview Partners LLC acquired a new position in shares of Dell Technologies during the third quarter worth approximately $39,000. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Dell Technologies by 1,456.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock worth $46,000 after purchasing an additional 568 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

DELL traded up $1.11 during mid-day trading on Monday, hitting $115.54. The stock had a trading volume of 5,213,068 shares, compared to its average volume of 7,223,459. The stock’s fifty day simple moving average is $108.95 and its 200-day simple moving average is $86.48. The firm has a market capitalization of $82.47 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92. Dell Technologies Inc. has a 1-year low of $41.47 and a 1-year high of $136.16.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The company had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period last year, the business posted $1.55 earnings per share. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. As a group, research analysts expect that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.54%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 33.87%.

Insider Buying and Selling

In related news, insider Jennifer D. Saavedra sold 18,260 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the sale, the insider now directly owns 206,961 shares in the company, valued at $24,856,016.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction on Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the sale, the general counsel now directly owns 86,836 shares in the company, valued at approximately $11,544,846.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the completion of the sale, the insider now owns 206,961 shares in the company, valued at $24,856,016.10. The disclosure for this sale can be found here. Insiders have sold a total of 6,382,204 shares of company stock worth $718,452,037 over the last ninety days. Company insiders own 48.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Evercore ISI upped their target price on shares of Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Wells Fargo & Company increased their price objective on shares of Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, March 1st. TD Cowen increased their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, March 1st. Finally, Loop Capital assumed coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 price objective on the stock. One research 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.63.

About Dell Technologies

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).