Tower Research Capital LLC TRC Boosts Position in Dell Technologies Inc. (NYSE:DELL)

Tower Research Capital LLC TRC lifted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 121.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,902 shares of the technology company's stock after purchasing an additional 13,672 shares during the quarter. Tower Research Capital LLC TRC's holdings in Dell Technologies were worth $2,870,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Allen Capital Group LLC grew its holdings in shares of Dell Technologies by 3.3% during the fourth 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 boosted its holdings in shares of Dell Technologies by 18.7% during the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock worth $70,000 after buying an additional 96 shares during the period. Sunflower Bank N.A. grew its position in shares of Dell Technologies by 3.1% in the fourth quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company's stock valued at $375,000 after purchasing an additional 98 shares during the last quarter. Bogart Wealth LLC increased its stake in shares of Dell Technologies by 7.7% in the fourth 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 period. Finally, Tortoise Investment Management LLC increased its position in Dell Technologies by 23.0% in the 4th 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 period. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Transactions at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. The trade was a 2.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 46.70% of the company's stock.

Analysts Set New Price Targets

DELL has been the subject of several research analyst reports. Citigroup cut their target price on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company decreased their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. The Goldman Sachs Group lowered their price objective 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. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned 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 $136.41.

Dell Technologies Trading Up 0.6 %

Shares of NYSE:DELL traded up $0.61 during trading on Friday, reaching $95.01. 4,463,069 shares of the company traded hands, compared to its average volume of 10,376,136. The firm has a market capitalization of $66.30 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70. The business's fifty day moving average is $93.79 and its 200-day moving average is $111.43.

Dell Technologies Increases Dividend

The firm 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 dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is currently 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).