Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp boosted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 454,532 shares of the technology company's stock after buying an additional 4,974 shares during the quarter. Stifel Financial Corp owned approximately 0.06% of Dell Technologies worth $52,381,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of DELL. Burns J W & Co. Inc. NY bought a new position in Dell Technologies in the fourth quarter worth $1,272,000. Sky Investment Group LLC bought a new position in shares of Dell Technologies in the 4th quarter worth about $1,687,000. Enclave Advisors LLC purchased a new position in Dell Technologies during the 4th quarter valued at about $848,000. Empowered Funds LLC boosted its stake in Dell Technologies by 12.9% during the fourth 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. Finally, Retirement Systems of Alabama purchased a new stake in Dell Technologies in the third quarter worth about $7,435,000. 76.37% of the stock is owned by institutional investors.

Insider Activity

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 46.70% of the company's stock.

Analyst Ratings Changes

DELL has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Citigroup reduced their price target on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group cut their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. UBS Group decreased 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. Finally, OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $136.41.

Dell Technologies Price Performance

Shares of NYSE:DELL traded up $5.24 on Thursday, hitting $94.40. 6,356,069 shares of the company's stock were exchanged, compared to its average volume of 10,399,786. The business's 50 day simple moving average is $93.79 and its two-hundred day simple moving average is $111.43. The stock has a market capitalization of $65.88 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.22%. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is 33.76%.

About Dell Technologies

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).