IPG Investment Advisors LLC Grows Position in Dell Technologies Inc. (NYSE:DELL)

IPG Investment Advisors LLC raised its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 31.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,300 shares of the technology company's stock after purchasing an additional 4,400 shares during the quarter. IPG Investment Advisors LLC's holdings in Dell Technologies were worth $2,109,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Vision Financial Markets LLC bought a new stake in Dell Technologies in the fourth quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies during the 4th quarter worth about $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the 4th quarter worth about $28,000. True Wealth Design LLC lifted its stake in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock worth $31,000 after purchasing an additional 253 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in Dell Technologies by 54.7% during 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 during the last quarter. Institutional investors own 76.37% of the company's stock.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm's stock in a transaction on Monday, January 6th. The shares were 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 of the company's stock, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company's stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 824,937 shares of company stock worth $100,327,453. Company insiders own 46.70% of the company's stock.

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Dell Technologies Price Performance

Shares of NYSE:DELL traded down $1.14 during midday trading on Monday, hitting $91.15. The company had a trading volume of 7,260,827 shares, compared to its average volume of 10,248,212. The company has a market cap of $63.85 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 1.10 and a beta of 0.83. The company has a fifty day moving average of $104.31 and a two-hundred day moving average of $116.33. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.30%. This is a positive change 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 is currently 33.76%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DELL. Barclays lifted their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Bank of America reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley dropped their target price on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. UBS Group decreased their target price on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Finally, TD Cowen reduced their price objective 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. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $141.24.

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).