16,226 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by Optimize Financial Inc

Optimize Financial Inc acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,226 shares of the technology company's stock, valued at approximately $1,870,000. Dell Technologies comprises 1.4% of Optimize Financial Inc's investment portfolio, making the stock its 13th largest holding.

Several other hedge funds have also bought and sold shares of the company. Townsquare Capital LLC increased its holdings in shares of Dell Technologies by 21.0% in the fourth quarter. Townsquare Capital LLC now owns 5,689 shares of the technology company's stock valued at $656,000 after purchasing an additional 989 shares during the last quarter. Qtron Investments LLC bought a new position in Dell Technologies in the 4th quarter valued at about $519,000. Ceeto Capital Group LLC lifted its position in Dell Technologies by 40.0% during the fourth quarter. Ceeto Capital Group LLC now owns 7,000 shares of the technology company's stock worth $807,000 after acquiring an additional 2,000 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Dell Technologies by 19.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 138,395 shares of the technology company's stock worth $15,949,000 after acquiring an additional 22,077 shares during the period. Finally, Monetary Management Group Inc. increased its stake in shares of Dell Technologies by 876.3% during the fourth quarter. Monetary Management Group Inc. now owns 1,894 shares of the technology company's stock worth $218,000 after purchasing an additional 1,700 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

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Dell Technologies Stock Performance

Shares of Dell Technologies stock traded down $2.33 on Wednesday, hitting $83.16. The stock had a trading volume of 3,008,364 shares, compared to its average volume of 10,357,128. The stock has a 50 day moving average of $97.36 and a 200 day moving average of $112.88. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The firm has a market capitalization of $58.03 billion, a P/E ratio of 14.69, a PEG ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.53%. 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 payout ratio is 33.76%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DELL shares. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. The Goldman Sachs Group lowered their price target on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. TD Cowen decreased their target price on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company dropped their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Finally, Citigroup lowered their price objective on Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday. Three 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.com, the company has an average rating of "Moderate Buy" and an average target price of $138.88.

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company's 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 completion of the sale, the director now owns 23,680 shares in the company, valued at $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. 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).