Key Financial Inc Sells 143 Shares of Dell Technologies Inc. (NYSE:DELL)

Key Financial Inc lessened its holdings in Dell Technologies Inc. (NYSE:DELL) by 24.4% in the fourth quarter, Holdings Channel reports. The firm owned 442 shares of the technology company’s stock after selling 143 shares during the period. Key Financial Inc’s holdings in Dell Technologies were worth $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC grew its stake in shares of Dell Technologies by 19.0% during the 4th quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock worth $67,000 after acquiring an additional 140 shares during the period. Signet Financial Management LLC grew its stake in shares of Dell Technologies by 0.4% during the 4th quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock worth $3,083,000 after acquiring an additional 153 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Dell Technologies by 5.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,921 shares of the technology company’s stock worth $270,000 after acquiring an additional 188 shares during the period. Pinnacle Bancorp Inc. grew its stake in shares of Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after acquiring an additional 188 shares during the period. Finally, JT Stratford LLC grew its stake in shares of Dell Technologies by 1.0% during the 3rd quarter. JT Stratford LLC now owns 19,959 shares of the technology company’s stock worth $1,375,000 after acquiring an additional 190 shares during the period. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Trading Down 1.5 %

Shares of DELL opened at $117.86 on Thursday. The company has a market cap of $84.13 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 1.53 and a beta of 0.92. The stock has a 50-day moving average price of $107.70 and a 200-day moving average price of $85.66. Dell Technologies Inc. has a 12-month low of $41.47 and a 12-month high of $136.16.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the company posted $1.55 EPS. As a group, analysts predict that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a $0.445 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.51%. Dell Technologies’s payout ratio is presently 33.87%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Evercore ISI increased their price objective on Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. The Goldman Sachs Group increased their price objective on Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 4th. UBS Group increased their price objective on Dell Technologies from $99.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Morgan Stanley increased their price objective on Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $102.88.

Insider Buying and Selling

In related news, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction that occurred 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 owns 86,836 shares in the company, valued at approximately $11,544,846.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Dell Technologies news, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total value of $2,193,026.00. Following the transaction, the insider now directly owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction that occurred 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 transaction, the general counsel now directly owns 86,836 shares in the company, valued at $11,544,846.20. The disclosure for this sale can be found here. Insiders sold 6,382,204 shares of company stock worth $718,452,037 in the last quarter. 48.60% of the stock is owned by 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).