Bearing Point Capital LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 55,495 shares of the technology company's stock, valued at approximately $6,395,000. Dell Technologies accounts for approximately 1.3% of Bearing Point Capital LLC's holdings, making the stock its 25th biggest position.
Other institutional investors have also recently added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new stake in shares of Dell Technologies in the fourth quarter worth approximately $25,000. Vision Financial Markets LLC acquired a new stake in Dell Technologies during the 4th quarter worth $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies during the fourth quarter worth $26,000. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies in the fourth quarter valued at about $28,000. Finally, Versant Capital Management Inc lifted its stake in shares of 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 buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.
Dell Technologies Stock Up 2.0 %
NYSE DELL traded up $1.84 during trading on Wednesday, hitting $95.79. The stock had a trading volume of 5,211,589 shares, compared to its average volume of 10,414,061. The company has a market capitalization of $66.85 billion, a PE ratio of 16.92, a PEG ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The firm has a 50 day moving average price of $90.25 and a 200 day moving average price of $109.54.
Dell Technologies Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was 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 2.19%. Dell Technologies's dividend payout ratio is 33.76%.
Analyst Ratings Changes
A number of analysts have commented on DELL shares. UBS Group cut their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a report on Friday, February 28th. Morgan Stanley cut their price target on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Barclays upped their target price on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Citigroup reduced 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. Finally, Wells Fargo & Company dropped 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. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and an average target price of $134.65.
Check Out Our Latest Stock Report on Dell Technologies
Insider Buying and Selling at Dell Technologies
In related news, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 46.70% of the stock is currently owned by corporate insiders.
About Dell Technologies
(
Free Report)
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).
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