Dell Technologies Inc. (NYSE:DELL) Shares Bought by Hallmark Capital Management Inc.

Hallmark Capital Management Inc. raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) by 2,078,852.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 395,001 shares of the technology company’s stock after buying an additional 394,982 shares during the period. Hallmark Capital Management Inc. owned about 0.05% of Dell Technologies worth $13,498,000 at the end of the most recent reporting period.

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Other hedge funds have also made changes to their positions in the company. Ellevest Inc. boosted its stake in shares of Dell Technologies by 156.2% in the third quarter. Ellevest Inc. now owns 802 shares of the technology company’s stock valued at $27,000 after purchasing an additional 489 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Dell Technologies in the 1st quarter valued at about $27,000. Riverview Trust Co increased its position in shares of Dell Technologies by 166.1% during the third quarter. Riverview Trust Co now owns 809 shares of the technology company’s stock worth $28,000 after acquiring an additional 505 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Dell Technologies in the third quarter worth about $31,000. Finally, Private Trust Co. NA purchased a new position in Dell Technologies in the second quarter valued at about $33,000. Hedge funds and other institutional investors own 26.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DELL. Jefferies Financial Group initiated coverage on Dell Technologies in a report on Monday, October 31st. They set a “hold” rating and a $39.00 price objective on the stock. Sanford C. Bernstein cut their price target on shares of Dell Technologies from $72.00 to $60.00 in a report on Monday, January 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dell Technologies from $55.00 to $48.00 in a report on Tuesday, November 22nd. UBS Group reduced their price target on shares of Dell Technologies from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, November 22nd. Finally, Evercore ISI lowered their price objective on Dell Technologies from $50.00 to $48.00 in a report on Tuesday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.63.

Insider Transactions at Dell Technologies

In related news, insider William F. Scannell sold 91,938 shares of the firm’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $42.62, for a total transaction of $3,918,397.56. Following the completion of the sale, the insider now directly owns 178,627 shares in the company, valued at $7,613,082.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 47.30% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE DELL traded up $1.00 during midday trading on Thursday, reaching $42.84. 263,427 shares of the company traded hands, compared to its average volume of 2,969,845. The stock has a 50-day moving average price of $40.91 and a 200 day moving average price of $40.59. The company has a market cap of $30.68 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 0.72 and a beta of 1.02. Dell Technologies Inc. has a 52 week low of $32.90 and a 52 week high of $61.54.

Dell Technologies (NYSE:DELL – Get Rating) last released its earnings results on Monday, November 21st. The technology company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.69. Dell Technologies had a negative return on equity of 208.47% and a net margin of 1.74%. The firm had revenue of $24.72 million during the quarter, compared to the consensus estimate of $24.61 billion. During the same period in the prior year, the firm posted $2.37 earnings per share. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts expect that Dell Technologies Inc. will post 6.43 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 3rd. Stockholders of record on Wednesday, January 25th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, January 24th. This represents a $1.32 annualized dividend and a dividend yield of 3.08%. Dell Technologies’s dividend payout ratio (DPR) is 55.46%.

Dell Technologies Profile

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

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