Corient Private Wealth LLC Increases Stake in Dell Technologies Inc. (NYSE:DELL)

Corient Private Wealth LLC increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,269 shares of the technology company's stock after buying an additional 2,653 shares during the period. Corient Private Wealth LLC's holdings in Dell Technologies were worth $12,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DELL. Optimist Retirement Group LLC raised its stake in shares of Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock worth $256,000 after buying an additional 463 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in Dell Technologies by 18.4% in the third quarter. OneDigital Investment Advisors LLC now owns 3,998 shares of the technology company's stock valued at $474,000 after purchasing an additional 622 shares in the last quarter. Natixis Advisors LLC increased its stake in Dell Technologies by 7.3% in the third quarter. Natixis Advisors LLC now owns 143,063 shares of the technology company's stock valued at $16,959,000 after purchasing an additional 9,782 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Dell Technologies by 910.1% in the third quarter. Mutual of America Capital Management LLC now owns 35,375 shares of the technology company's stock valued at $4,193,000 after purchasing an additional 31,873 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Dell Technologies by 529.6% in the third quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company's stock valued at $1,661,000 after purchasing an additional 11,783 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

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Dell Technologies Price Performance

Shares of NYSE:DELL traded down $1.30 during mid-day trading on Friday, hitting $97.62. The company had a trading volume of 8,908,156 shares, compared to its average volume of 10,081,723. The company has a market capitalization of $68.38 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The firm has a fifty day moving average price of $105.59 and a 200 day moving average price of $116.61. Dell Technologies Inc. has a one year low of $86.93 and a one year high of $179.70.

Dell Technologies Increases Dividend

The company also recently announced 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 of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.15%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is currently 33.76%.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction dated Monday, January 6th. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company's stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. TD Cowen lowered their target price on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, December 2nd. Barclays upped their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Bank of America lowered their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, Loop Capital lowered their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Three research 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, the stock has an average rating of "Moderate Buy" and an average target price of $141.24.

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).