Bayesian Capital Management LP Decreases Position in Dell Technologies Inc. (NYSE:DELL)

Bayesian Capital Management LP cut its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 87.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,100 shares of the technology company's stock after selling 50,879 shares during the quarter. Bayesian Capital Management LP's holdings in Dell Technologies were worth $818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies during the 4th quarter valued at about $25,000. Vision Financial Markets LLC bought a new stake in Dell Technologies during the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies in the fourth quarter worth about $26,000. Byrne Asset Management LLC bought a new position in shares of Dell Technologies during the 4th quarter valued at approximately $28,000. Finally, Versant Capital Management Inc raised its stake in Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock worth $36,000 after acquiring an additional 111 shares during the period. Institutional investors own 76.37% of the company's stock.

Dell Technologies Trading Down 0.2 %

Shares of DELL stock traded down $0.20 on Friday, reaching $96.02. 4,366,693 shares of the company's stock were exchanged, compared to its average volume of 10,403,453. The company's fifty day simple moving average is $90.12 and its 200 day simple moving average is $109.24. The stock has a market capitalization of $67.01 billion, a PE ratio of 16.96, a P/E/G ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is currently 33.76%.

Insider Buying and Selling

In related news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 46.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on DELL shares. Loop Capital dropped their target price on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Citigroup decreased their target price on Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company cut their price objective 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. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Finally, Barclays lifted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and an average target price of $134.65.

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).