Axxcess Wealth Management LLC Has $358,000 Stake in Dell Technologies Inc. (NYSE:DELL)

Axxcess Wealth Management LLC lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,105 shares of the technology company’s stock after purchasing an additional 198 shares during the period. Axxcess Wealth Management LLC’s holdings in Dell Technologies were worth $358,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Burns J W & Co. Inc. NY bought a new stake in shares of Dell Technologies during the fourth quarter worth $1,272,000. iA Global Asset Management Inc. raised its holdings in Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares during the last quarter. Sky Investment Group LLC acquired a new position in Dell Technologies during the 4th quarter valued at about $1,687,000. Enclave Advisors LLC acquired a new stake in shares of Dell Technologies during the 4th quarter worth approximately $848,000. Finally, Empowered Funds LLC raised its stake in shares of Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after buying an additional 3,470 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction dated 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 sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. cut their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Loop Capital decreased their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. The Goldman Sachs Group cut 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 report on Monday, March 3rd. Finally, Bank of America lowered their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Three equities research 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 an average rating of “Moderate Buy” and a consensus price target of $141.24.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $97.62 on Friday. The firm has a market cap of $68.38 billion, a PE ratio of 17.25, a P/E/G ratio of 1.10 and a beta of 0.83. The business’s 50 day simple moving average is $105.59 and its 200 day simple moving average is $116.57. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70.

Dell Technologies Increases Dividend

The firm 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is currently 33.76%.

Dell Technologies 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).