Envestnet Asset Management Inc. boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 566,491 shares of the technology company's stock after purchasing an additional 38,606 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of Dell Technologies worth $65,282,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies in the 4th quarter valued at $26,000. Byrne Asset Management LLC acquired a new stake in Dell Technologies during the fourth quarter worth about $28,000. Versant Capital Management Inc raised its stake in shares of Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of Dell Technologies during the 4th quarter worth about $37,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the 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 sale, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.
Dell Technologies Stock Performance
DELL traded up $5.79 during mid-day trading on Monday, reaching $87.72. 5,159,069 shares of the stock were exchanged, compared to its average volume of 10,362,811. The company has a 50 day moving average price of $98.16 and a two-hundred day moving average price of $113.31. The stock has a market capitalization of $61.21 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70.
Dell Technologies Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.76%.
Analyst Ratings Changes
Several brokerages have recently commented on DELL. Wells Fargo & Company reduced their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. UBS Group lowered their price target on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Citigroup lowered their target price on Dell Technologies from $156.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Barclays upped their price objective on Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Finally, TD Cowen reduced their price objective 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. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $141.24.
Check Out Our Latest Stock Analysis on Dell Technologies
Dell Technologies 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).
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