Horizon Investments LLC Has $2.53 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Horizon Investments LLC grew its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 463.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,054 shares of the technology company's stock after acquiring an additional 18,143 shares during the period. Horizon Investments LLC's holdings in Dell Technologies were worth $2,531,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Advisors Asset Management Inc. raised its stake in shares of Dell Technologies by 41.3% in the 4th quarter. Advisors Asset Management Inc. now owns 45,985 shares of the technology company's stock valued at $5,299,000 after acquiring an additional 13,431 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Dell Technologies by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,868 shares of the technology company's stock worth $1,713,000 after buying an additional 860 shares during the last quarter. Freemont Management S.A. bought a new stake in shares of Dell Technologies during the 4th quarter worth $1,844,000. Axxcess Wealth Management LLC grew its stake in Dell Technologies by 6.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,105 shares of the technology company's stock valued at $358,000 after buying an additional 198 shares during the last quarter. Finally, Delphi Management Inc. MA raised its holdings in Dell Technologies by 3.3% in the 4th quarter. Delphi Management Inc. MA now owns 12,255 shares of the technology company's stock worth $1,412,000 after acquiring an additional 394 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on DELL. The Goldman Sachs Group lowered their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Morgan Stanley lowered their target price on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Loop Capital reduced their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Finally, Barclays increased their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $141.24.

Dell Technologies Stock Performance

Shares of DELL stock traded down $1.30 during trading hours 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 firm has a market capitalization of $68.38 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 12 month low of $86.93 and a 12 month high of $179.70. The firm's fifty day moving average is $105.59 and its 200 day moving average is $116.61.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.15%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is currently 33.76%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction 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 in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business's stock in a transaction on 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 directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 824,937 shares of company stock valued at $100,327,453. 46.70% of the stock is currently owned by company insiders.

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).