EverSource Wealth Advisors LLC Has $50,000 Stake in Dell Technologies Inc. (NYSE:DELL)

EverSource Wealth Advisors LLC decreased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 36.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 436 shares of the technology company’s stock after selling 246 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Dell Technologies were worth $50,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Burns J W & Co. Inc. NY acquired a new position in Dell Technologies during the fourth quarter worth $1,272,000. iA Global Asset Management Inc. lifted its stake in Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after acquiring an additional 5,203 shares during the last quarter. Sky Investment Group LLC bought a new position in shares of Dell Technologies in the 4th quarter valued at about $1,687,000. Enclave Advisors LLC bought a new position in shares of Dell Technologies in the 4th quarter valued at about $848,000. Finally, Empowered Funds LLC grew its position in shares of Dell Technologies by 12.9% in the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after acquiring an additional 3,470 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DELL. Mizuho decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Barclays lifted their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Bank of America decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Loop Capital decreased their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Finally, TD Cowen cut their target price on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Stock Up 2.4 %

Shares of Dell Technologies stock opened at $98.73 on Thursday. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The company has a 50-day simple moving average of $106.34 and a two-hundred day simple moving average of $116.82. The stock has a market capitalization of $69.15 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The company also recently announced 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 is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.13%. Dell Technologies’s payout ratio is presently 33.76%.

Insider Activity

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 transaction of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, 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. In the last ninety days, insiders sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is currently owned by corporate insiders.

About Dell Technologies

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).