Coordinated Financial Services Inc. Purchases New Shares in Dell Technologies Inc. (NYSE:DELL)

Coordinated Financial Services Inc. purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,900 shares of the technology company’s stock, valued at approximately $219,000.

Other hedge funds also recently bought and sold shares of the company. Optimist Retirement Group LLC increased its position in Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after acquiring an additional 463 shares during the last quarter. Farther Finance Advisors LLC increased its position in Dell Technologies by 74.3% during the third quarter. Farther Finance Advisors LLC now owns 840 shares of the technology company’s stock valued at $100,000 after acquiring an additional 358 shares during the last quarter. Impax Asset Management Group plc increased its position in Dell Technologies by 56.3% during the third quarter. Impax Asset Management Group plc now owns 321,153 shares of the technology company’s stock valued at $38,069,000 after acquiring an additional 115,630 shares during the last quarter. Graypoint LLC increased its position in Dell Technologies by 4.3% during the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after acquiring an additional 86 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Dell Technologies by 59.3% in the third quarter. Principal Financial Group Inc. now owns 459,333 shares of the technology company’s stock worth $54,449,000 after purchasing an additional 170,984 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DELL. TD Cowen reduced their price target on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Morgan Stanley reduced their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Barclays raised their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Bank of America reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group reduced their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Stock Down 1.8 %

Shares of Dell Technologies stock opened at $91.37 on Monday. The firm’s 50 day moving average price is $110.13 and its 200-day moving average price is $117.81. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70. The company has a market cap of $64.00 billion, a P/E ratio of 16.14, a PEG ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is presently 33.76%.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 825,662 shares of company stock valued at $100,414,453 in the last 90 days. Insiders own 46.70% of the company’s stock.

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).