Baron Silver Stevens Financial Advisors LLC Invests $27,000 in Dell Technologies Inc. (NYSE:DELL)

Baron Silver Stevens Financial Advisors LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 372 shares of the technology company’s stock, valued at approximately $27,000.

A number of other hedge funds also recently modified their holdings of the business. Mcmillion Capital Management Inc. acquired a new position in shares of Dell Technologies in the fourth quarter valued at about $25,000. Ironwood Wealth Management LLC. acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $30,000. Gemmer Asset Management LLC increased its holdings in shares of Dell Technologies by 138.3% during the fourth quarter. Gemmer Asset Management LLC now owns 479 shares of the technology company’s stock worth $35,000 after purchasing an additional 278 shares during the period. Bainco International Investors acquired a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $37,000. Finally, NuWave Investment Management LLC boosted its stake in shares of Dell Technologies by 2,631.6% in the fourth quarter. NuWave Investment Management LLC now owns 519 shares of the technology company’s stock valued at $38,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Shares of NYSE DELL opened at $91.51 on Thursday. The firm has a 50 day moving average price of $85.65 and a two-hundred day moving average price of $74.54. The stock has a market cap of $69.79 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 0.95 and a beta of 0.96. Dell Technologies Inc. has a 52-week low of $37.20 and a 52-week high of $92.41. The company has a debt-to-equity ratio of 7.29, a quick ratio of 0.70 and a current ratio of 0.77.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, February 25th. The technology company reported $2.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.19 by $0.51. The business had revenue of $26.15 billion during the quarter, compared to the consensus estimate of $24.48 billion. Dell Technologies had a return on equity of 124.18% and a net margin of 2.63%. Analysts predict that Dell Technologies Inc. will post 6.25 earnings per share for the current fiscal year.

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 177,471 shares of Dell Technologies stock in a transaction on Wednesday, March 17th. The shares were sold at an average price of $90.00, for a total value of $15,972,390.00. Following the completion of the sale, the general counsel now directly owns 347,495 shares of the company’s stock, valued at $31,274,550. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Thomas W. Sweet sold 200,000 shares of the firm’s stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $87.74, for a total value of $17,548,000.00. Following the completion of the sale, the chief financial officer now owns 284,968 shares of the company’s stock, valued at $25,003,092.32. The disclosure for this sale can be found here. Insiders have sold 933,754 shares of company stock valued at $75,777,145 over the last 90 days. 48.30% of the stock is owned by corporate insiders.

Several equities analysts have weighed in on DELL shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Dell Technologies from $94.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. Credit Suisse Group upped their price objective on shares of Dell Technologies from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, March 4th. Raymond James raised their target price on shares of Dell Technologies from $85.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, March 4th. Argus assumed coverage on shares of Dell Technologies in a report on Wednesday, January 20th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dell Technologies from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, March 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Dell Technologies has a consensus rating of “Buy” and an average target price of $78.68.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and support IT hardware, software, and services solutions worldwide. It operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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