Advent Capital Management DE Invests $2.88 Million in Dell Technologies Inc. (NYSE:DELL)

Advent Capital Management DE purchased a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,000 shares of the technology company's stock, valued at approximately $2,881,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DELL. Vision Financial Markets LLC purchased a new stake in Dell Technologies during the fourth quarter worth about $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Dell Technologies in the 4th quarter worth approximately $26,000. Byrne Asset Management LLC purchased a new position in Dell Technologies in the 4th quarter valued at approximately $28,000. Versant Capital Management Inc boosted its position in Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in Dell Technologies in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley reduced their price target on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Citigroup reduced their target price on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a report on Monday, April 14th. 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. Wells Fargo & Company decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their price target on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus target price of $136.41.

Insider Buying and Selling at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by insiders.

Dell Technologies Trading Up 1.8 %

DELL stock traded up $1.50 during mid-day trading on Friday, hitting $84.86. 6,234,455 shares of the company were exchanged, compared to its average volume of 10,407,282. The firm has a fifty day simple moving average of $95.82 and a 200 day simple moving average of $112.24. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The company has a market capitalization of $59.22 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

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 $0.525 dividend. 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 annualized dividend and a dividend yield of 2.47%. Dell Technologies's payout ratio is 33.76%.

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).