Advisory Services Network LLC Boosts Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Advisory Services Network LLC raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,585 shares of the technology company's stock after buying an additional 4,382 shares during the period. Advisory Services Network LLC's holdings in Dell Technologies were worth $2,718,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DELL. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies in the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies in the 4th quarter worth approximately $26,000. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies during the 4th quarter valued at $28,000. Versant Capital Management Inc grew its holdings in shares of 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 acquired a new position in shares of Dell Technologies in the fourth quarter worth $37,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Stock Up 0.7 %

Shares of DELL traded up $0.60 during midday trading on Tuesday, hitting $85.79. The company's stock had a trading volume of 2,884,205 shares, compared to its average volume of 10,360,428. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The stock has a market capitalization of $59.87 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The company's fifty day simple moving average is $97.77 and its two-hundred day simple moving average is $113.07.

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Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.45%. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Loop Capital lowered their target price on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Barclays boosted 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. Finally, TD Cowen lowered their price objective on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $138.88.

Insider Buying and Selling

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

About Dell Technologies

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).