IPG Investment Advisors LLC Purchases 4,400 Shares of Dell Technologies Inc. (NYSE:DELL)

IPG Investment Advisors LLC increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 31.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 18,300 shares of the technology company’s stock after acquiring an additional 4,400 shares during the quarter. IPG Investment Advisors LLC’s holdings in Dell Technologies were worth $2,109,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Optimist Retirement Group LLC increased its stake in shares of Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after buying an additional 463 shares during the period. Thrivent Financial for Lutherans increased its position in Dell Technologies by 529.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company’s stock valued at $1,661,000 after purchasing an additional 11,783 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Dell Technologies by 674.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 174,635 shares of the technology company’s stock worth $20,701,000 after purchasing an additional 152,076 shares during the last quarter. Townsquare Capital LLC acquired a new position in shares of Dell Technologies in the 3rd quarter worth approximately $557,000. Finally, Freedom Investment Management Inc. increased its position in shares of Dell Technologies by 48.5% during the third quarter. Freedom Investment Management Inc. now owns 2,754 shares of the technology company’s stock worth $326,000 after buying an additional 900 shares during the period. 76.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on DELL. JPMorgan Chase & Co. cut their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. The Goldman Sachs Group cut their target price on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Citigroup lowered their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 21st. Barclays boosted their price target on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, Bank of America lowered 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 note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.24.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. This represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 824,937 shares of company stock worth $100,327,453 in the last quarter. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Stock Performance

DELL stock opened at $92.35 on Friday. The company has a market capitalization of $64.68 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70. The business has a 50-day simple moving average of $104.31 and a two-hundred day simple moving average of $116.28.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is 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).