Dell Technologies Inc. (NYSE:DELL) Stake Reduced by Twin Focus Capital Partners LLC

Twin Focus Capital Partners LLC reduced its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 14.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 226,000 shares of the technology company's stock after selling 37,900 shares during the quarter. Dell Technologies comprises about 3.8% of Twin Focus Capital Partners LLC's holdings, making the stock its 4th biggest holding. Twin Focus Capital Partners LLC's holdings in Dell Technologies were worth $26,044,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DELL. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies in the fourth quarter worth approximately $1,272,000. Sky Investment Group LLC bought a new position in shares of Dell Technologies in the 4th quarter worth $1,687,000. Enclave Advisors LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at $848,000. Empowered Funds LLC lifted its holdings in shares of Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock worth $3,502,000 after acquiring an additional 3,470 shares during the last quarter. Finally, Retirement Systems of Alabama purchased a new position in Dell Technologies in the third quarter worth $7,435,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of several research analyst reports. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. TD Cowen dropped their target price on Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, February 28th. Morgan Stanley reduced 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. Wells Fargo & Company cut their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Finally, Citigroup decreased 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 report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $136.41.

Dell Technologies Stock Performance

Shares of Dell Technologies stock traded up $1.50 during midday trading on Friday, reaching $84.86. 6,234,455 shares of the company's stock traded hands, compared to its average volume of 10,407,282. The company has a market cap of $59.22 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The stock has a 50 day moving average of $95.82 and a 200-day moving average of $112.22. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $179.70.

Dell Technologies Increases Dividend

The business also recently announced 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. This represents a $2.10 annualized dividend and a dividend yield of 2.47%. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

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 sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the 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 owns 23,680 shares of the company's stock, valued at approximately $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 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).