Holderness Investments Co. Decreases Position in Dell Technologies Inc. (NYSE:DELL)

Holderness Investments Co. cut its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 20.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,689 shares of the technology company's stock after selling 4,600 shares during the quarter. Holderness Investments Co.'s holdings in Dell Technologies were worth $2,038,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DELL. Burns J W & Co. Inc. NY purchased a new stake in shares of Dell Technologies during the 4th quarter worth $1,272,000. iA Global Asset Management Inc. raised its holdings in Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company's stock worth $1,345,000 after purchasing an additional 5,203 shares in the last quarter. Sky Investment Group LLC purchased a new stake in shares of Dell Technologies during the fourth quarter valued at about $1,687,000. Enclave Advisors LLC purchased a new position in shares of Dell Technologies in the 4th quarter worth approximately $848,000. Finally, Empowered Funds LLC raised its stake 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 in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Down 1.1 %

Shares of DELL stock traded down $1.09 on Tuesday, hitting $98.72. The company had a trading volume of 4,801,563 shares, compared to its average volume of 10,064,053. The firm has a market cap of $69.15 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The company has a 50-day moving average price of $105.38 and a 200-day moving average price of $116.61.

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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 given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.13%. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is currently 33.76%.

Analyst Upgrades and Downgrades

DELL has been the topic of several analyst reports. The Goldman Sachs Group cut their price target on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. 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 research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft lowered their price target on Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a report on Monday, December 2nd. JPMorgan Chase & Co. cut their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Finally, Melius Research lifted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and an average target price of $141.24.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock valued at $100,327,453 in the last 90 days. 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).