Ashton Thomas Private Wealth LLC Purchases New Holdings in Dell Technologies Inc. (NYSE:DELL)

Ashton Thomas Private Wealth LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,572 shares of the technology company’s stock, valued at approximately $527,000.

A number of other hedge funds have also added to or reduced their stakes in DELL. E Fund Management Co. Ltd. boosted its position in Dell Technologies by 50.0% during the fourth quarter. E Fund Management Co. Ltd. now owns 6,231 shares of the technology company’s stock valued at $718,000 after purchasing an additional 2,078 shares in the last quarter. Candriam S.C.A. boosted its holdings in shares of Dell Technologies by 1.9% in the 4th quarter. Candriam S.C.A. now owns 101,812 shares of the technology company’s stock valued at $11,733,000 after buying an additional 1,891 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in shares of Dell Technologies in the 4th quarter worth approximately $295,000. Vestmark Advisory Solutions Inc. raised its stake in shares of Dell Technologies by 198.6% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 30,594 shares of the technology company’s stock worth $3,526,000 after acquiring an additional 20,349 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in Dell Technologies by 8.8% during the fourth quarter. Lindbrook Capital LLC now owns 2,502 shares of the technology company’s stock valued at $288,000 after acquiring an additional 203 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value 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 approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 825,662 shares of company stock valued at $100,414,453. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Performance

Shares of DELL opened at $90.33 on Tuesday. The business’s 50-day moving average is $109.64 and its two-hundred day moving average is $117.68. The company has a market capitalization of $63.27 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70.

Dell Technologies Increases Dividend

The business also recently announced 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 represents a $2.10 annualized dividend and a yield of 2.32%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of recent analyst reports. Barclays upped their price target on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft reduced their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Citigroup lowered their price target on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 21st. UBS Group decreased their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, The Goldman Sachs Group lowered their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

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).