Dell Technologies Inc. (NYSE:DELL) Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,471 shares of the technology company's stock after selling 4,005 shares during the quarter. Cerity Partners LLC's holdings in Dell Technologies were worth $4,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Optimist Retirement Group LLC raised its stake in Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock valued at $256,000 after purchasing an additional 463 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Dell Technologies by 24.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,319 shares of the technology company's stock valued at $275,000 after buying an additional 449 shares in the last quarter. MML Investors Services LLC grew its position in Dell Technologies by 72.2% in the third quarter. MML Investors Services LLC now owns 33,518 shares of the technology company's stock worth $3,973,000 after acquiring an additional 14,053 shares in the last quarter. Coldstream Capital Management Inc. bought a new stake in Dell Technologies during the third quarter worth approximately $313,000. Finally, TD Private Client Wealth LLC raised its position in Dell Technologies by 9.9% during the third quarter. TD Private Client Wealth LLC now owns 7,458 shares of the technology company's stock valued at $884,000 after purchasing an additional 671 shares during the period. Institutional investors own 76.37% of the company's stock.

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Wall Street Analyst Weigh In

DELL has been the topic of several analyst reports. Bank of America cut their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. 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 research note on Monday. Barclays lifted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. The Goldman Sachs Group reduced their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Finally, UBS Group dropped their target price on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $138.88.

Insider Transactions at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction 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. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the 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 completion of the transaction, the director now owns 23,680 shares of the company's stock, valued at $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. Insiders own 46.70% of the company's stock.

Dell Technologies Stock Down 1.2 %

Shares of Dell Technologies stock traded down $1.00 on Wednesday, hitting $84.50. 1,794,237 shares of the company were exchanged, compared to its average volume of 8,894,221. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $179.70. The stock has a market capitalization of $58.96 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The company has a 50-day moving average price of $97.36 and a 200 day moving average price of $112.88.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid 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 dividend on an annualized basis and a dividend yield of 2.49%. Dell Technologies's dividend payout ratio (DPR) 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).