Shorepoint Capital Partners LLC increased its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 43.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,028 shares of the technology company's stock after purchasing an additional 9,977 shares during the period. Shorepoint Capital Partners LLC's holdings in Dell Technologies were worth $3,806,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies during the fourth quarter worth $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Dell Technologies during the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $28,000. Versant Capital Management Inc grew its stake 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 worth $36,000 after purchasing an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in Dell Technologies in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 76.37% of the company's stock.
Insider Activity
In other news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 46.70% of the company's stock.
Dell Technologies Price Performance
Shares of Dell Technologies stock opened at $95.01 on Friday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $179.70. The business has a 50-day moving average of $93.29 and a 200-day moving average of $111.17. The company has a market capitalization of $66.30 billion, a PE ratio of 16.79, a P/E/G ratio of 1.10 and a beta of 0.94.
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 issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.21%. 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. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. TD Cowen decreased their price target on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Bank of America dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Morgan Stanley cut their price target on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Finally, Loop Capital decreased their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $136.41.
Read Our Latest Analysis on DELL
Dell Technologies Company Profile
(
Free Report)
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).
Further Reading
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