Dell Technologies Inc. (NYSE:DELL) Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC grew its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 25.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,600 shares of the technology company's stock after acquiring an additional 9,775 shares during the quarter. NewEdge Advisors LLC's holdings in Dell Technologies were worth $5,601,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Allen Capital Group LLC increased its position in Dell Technologies by 3.3% during the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock valued at $338,000 after buying an additional 95 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of Dell Technologies by 18.7% during the fourth quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock valued at $70,000 after acquiring an additional 96 shares in the last quarter. Sunflower Bank N.A. boosted its stake in Dell Technologies by 3.1% in the 4th quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company's stock worth $375,000 after purchasing an additional 98 shares in the last quarter. Bogart Wealth LLC grew its position in Dell Technologies by 7.7% during the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock worth $161,000 after purchasing an additional 100 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in shares of Dell Technologies by 23.0% in the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock worth $62,000 after buying an additional 100 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Loop Capital lowered their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Morgan Stanley lowered their price target 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 reduced their target price 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. Wells Fargo & Company cut their price objective on 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, TD Cowen lowered their price target on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Three equities research 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 presently has a consensus rating of "Moderate Buy" and an average price target of $136.41.

Insider Buying and Selling

In other news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Price Performance

Shares of DELL stock traded up $4.94 during trading hours on Wednesday, hitting $89.02. The company had a trading volume of 4,460,317 shares, compared to its average volume of 10,361,643. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70. The company's fifty day moving average is $94.69 and its 200 day moving average is $111.76. The stock has a market capitalization of $62.12 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.36%. Dell Technologies's payout ratio is presently 33.76%.

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).