Ropes Wealth Advisors LLC Takes $223,000 Position in Dell Technologies Inc. (NYSE:DELL)

Financial Advisors


Ropes Wealth Advisors LLC bought a new position in Dell Technologies Inc. (NYSE:DELL – Get Rating) in the fourth quarter, according to the company’s latest disclosure to the Securities and Exchange Commission. Purchased 5,550 shares of stock in a technology company worth $1.

A number of other hedge funds have also recently bought and sold shares in the business. Pacer Advisors Inc. increased his position in Dell Technologies stock by 40.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,019,506 shares in technology companies worth $161.665 million after he purchased an additional 1,161,913 shares last quarter. Harvest Fund Management Co. Ltd increased its position in Dell Technologies stock by 281.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 2,918 shares of the technology company worth $117,000 after he purchased an additional 2,153 shares during this period. Ieq Capital LLC purchased approximately $350,000 worth of new Dell Technologies stock in the fourth quarter. Ellevest Inc. increased its position in Dell Technologies stock by 33.4% in the fourth quarter. Ellevest Inc. now owns 1,070 shares of the technology company worth $43,000 after purchasing an additional 268 shares during the previous quarter. Finally, SG Americas Securities LLC increased its stake in Dell Technologies by 63.8% in the fourth quarter. SG Americas Securities LLC owns 19,875 shares of technology company valued at $799,000 after purchasing an additional 7,745 shares last quarter. Hedge funds and other institutional investors own 26.42% of the company’s shares.

Dell Technologies Price Performance

NYSE DELL opened at $42.80 on Friday. Dell Technologies Inc. has a 12-month low of $32.90 and a 12-month high of $52.60. The stock has a market cap of $31.3 billion, a P/E ratio of 13.29, a PEG ratio of 0.82, and a beta of 1.03. The company has a 50-day moving average of $40.40 and a 200-day moving average of $40.38.

Dell Technologies (NYSE:DELL – Get Rating) last announced its quarterly earnings data on Thursday, March 2nd. The tech company reported EPS of $1.55 for the quarter, $0.17 above consensus expectations of $1.38. Dell Technologies had a net profit margin of 2.39% and a return on equity of 173.72%. The company’s revenue for the quarter was $25.04 billion, compared with analyst estimates of $22.82 billion. As a group, analysts expect Dell Technologies Inc. to post 4.23 EPS for the year.

Dell Technologies increases dividend

The company recently announced a quarterly dividend payable on Friday, May 5th. Dividends of $0.37 will be issued to investors who register on Tuesday, April 25th. This represents his $1.48 dividend and his 3.46% dividend yield on an annualized basis. The ex-dividend date for this dividend is April 24 (Monday). This is up from Dell Technologies’ previous quarterly dividend of $0.33. Dell Technologies’ payout percentage is currently 45.96%.

insider trading

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 200,958 shares of the company in a transaction on Tuesday, April 18th. The shares sold for an average of $45.36, and the total transaction value he had was $9,115,454.88. After the sale, General Counsel now owns 149,379 shares of the company directly, worth $6,775,831.44 to him. The sale is disclosed in legal documents to the Securities and Exchange Commission, which can be accessed on his website at the SEC. In other Dell Technologies news, General Counsel Richard J. Rothberg sold 200,958 shares of the company in his Tuesday, April 18 transaction. The shares sold for an average of $45.36, giving him a total of $9,115,454.88. Following the closing of the transaction, General Counsel now owns 149,379 shares of the Company’s stock valued at $6,775,831.44. The transaction was disclosed in legal filings with the SEC that can be accessed via this hyperlink. COO Anthony Charles Whitten also sold his 15,983 shares in a deal on Thursday, March 16. The shares sold at an average price of $36.49 for a total of $583,219.67. Following the closing of the sale, the Chief Operating Officer now owns his 841,207 shares of the company, valued at his $30,695,643.43. Please see here for the disclosure of this sale. In the past 90 days, the insider has sold 522,371 shares of his company stock worth $22,038,868. Corporate insiders own 47.30% of the company’s shares.

Wall Street Analyst Predicts Growth

Recently, several research firms have embarked on an investigation into DELL. JPMorgan Chase & Co. downgraded Dell Technologies’ rating from ‘overweight’ to ‘neutral’ with a price target of $47.00. In an investigative report on Monday, April 17th. Barclays lowered its price target on Dell Technologies stock to $40.00 from $41.00 in its report on Friday, March 3rd. Raymond James lowered his price target on Dell Technologies stock from his $50.00 to $45.00, setting an “outperform” rating in a research note on Friday, March 3. KGI Securities upgraded its stock in Dell Technologies from a ‘neutral’ rating to an ‘outperforming’ rating in a research note on Tuesday, March 14. Finally, Goldman Sachs Group began reporting on Dell Technologies shares in its research notes on Monday, March 20. They issued a ‘Buy’ rating and a price target of $43.00. Six analysts rated the stock with a holding rating and 10 analysts issued a buy rating on the stock. Based on MarketBeat data, the stock has a Consensus Rating of “Moderate Buy” and a Consensus Target Price of $47.50.

Dell Technologies Profile

(get rating)

Dell Technologies, Inc. is a holding company that provides information technology hardware, software and service solutions through its subsidiaries. It operates in the Infrastructure Solutions Group (ISG), Client Solutions Group (CSG) and VMware segments. The ISG segment includes servers, networking, storage, and services closely related to the sale of ISG hardware and third-party software and peripherals.

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This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.

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