Adage Capital Partners GP L.L.C. Has $26.16 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Adage Capital Partners GP L.L.C. raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 28.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 227,000 shares of the technology company's stock after purchasing an additional 50,800 shares during the quarter. Adage Capital Partners GP L.L.C.'s holdings in Dell Technologies were worth $26,159,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new stake in Dell Technologies during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $28,000. Versant Capital Management Inc boosted its holdings in Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock worth $36,000 after purchasing an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in Dell Technologies during the fourth quarter valued at $37,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 46.70% of the company's stock.

Analyst Upgrades and Downgrades

DELL has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Citigroup cut their price target on Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group lowered their price target on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Morgan Stanley lowered their price target on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Finally, Bank of America reduced their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.65.

Dell Technologies Trading Down 3.4 %

Shares of Dell Technologies stock traded down $3.17 on Wednesday, reaching $90.62. 4,403,409 shares of the company were exchanged, compared to its average volume of 10,358,983. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70. The firm has a market capitalization of $63.23 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The stock has a fifty day moving average price of $92.23 and a 200-day moving average price of $110.72.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.32%. 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).