Dell Technologies Inc. (NYSE:DELL) Stake Raised by Investment House LLC

Investment House LLC boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 12.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 129,551 shares of the technology company’s stock after purchasing an additional 14,623 shares during the quarter. Investment House LLC’s holdings in Dell Technologies were worth $14,929,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new stake in Dell Technologies during the 4th quarter worth about $26,000. Byrne Asset Management LLC purchased a new position in Dell Technologies during the 4th quarter valued at about $28,000. True Wealth Design LLC grew its stake in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares in the last quarter. Versant Capital Management Inc grew its stake in Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in Dell Technologies during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Down 1.3 %

Shares of Dell Technologies stock opened at $96.42 on Wednesday. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70. The stock has a market capitalization of $67.54 billion, a P/E ratio of 17.04, a PEG ratio of 1.10 and a beta of 0.83. The stock has a 50 day moving average price of $106.75 and a two-hundred day moving average price of $116.94.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. 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 dividend yield of 2.18%. Dell Technologies’s payout ratio is 33.76%.

Wall Street Analysts Forecast Growth

DELL has been the topic of several research analyst reports. Citigroup lowered their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. TD Cowen lowered their price target on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Morgan Stanley lowered their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Finally, Bank of America lowered their price target on 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 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.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $141.24.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’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 transaction, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 824,937 shares of company stock worth $100,327,453 over the last three months. 46.70% of the stock is currently owned by insiders.

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).