Blueshift Asset Management LLC Purchases Shares of 8,752 Dell Technologies Inc. (NYSE:DELL)

Blueshift Asset Management LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,752 shares of the technology company's stock, valued at approximately $1,009,000.

A number of other hedge funds have also recently made changes to their positions in DELL. Vision Financial Markets LLC acquired a new stake in Dell Technologies during the 4th quarter worth approximately $26,000. Byrne Asset Management LLC acquired a new position in Dell Technologies during the 4th quarter worth about $28,000. True Wealth Design LLC increased its stake in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after buying an additional 253 shares during the period. Versant Capital Management Inc raised its position in shares of 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 acquiring an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in Dell Technologies in the fourth quarter valued at approximately $37,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares of the company's stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 824,937 shares of company stock valued at $100,327,453. Corporate insiders own 46.70% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DELL shares. Morgan Stanley dropped their price target on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Citigroup decreased 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. Wells Fargo & Company cut their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. TD Cowen lowered their target price on Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a report on Friday, February 28th. Finally, Mizuho reduced their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and an average price target of $141.24.

Dell Technologies Trading Up 2.3 %

Shares of DELL stock traded up $2.25 on Monday, hitting $99.82. 6,484,363 shares of the stock were exchanged, compared to its average volume of 10,067,361. The firm has a market capitalization of $69.92 billion, a PE ratio of 17.64, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a one year low of $86.93 and a one year high of $179.70. The firm's 50 day moving average is $105.38 and its two-hundred day moving average is $116.61.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.10%. Dell Technologies's payout ratio 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).