Bulltick Wealth Management LLC Has $4.76 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Bulltick Wealth Management LLC raised its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 52.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 41,298 shares of the technology company's stock after buying an additional 14,238 shares during the quarter. Dell Technologies comprises about 1.1% of Bulltick Wealth Management LLC's holdings, making the stock its 26th largest position. Bulltick Wealth Management LLC's holdings in Dell Technologies were worth $4,759,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Bellwether Advisors LLC purchased a new stake in Dell Technologies in the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new stake in Dell Technologies in the fourth quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies during the 4th quarter worth $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth $28,000. Finally, Versant Capital Management Inc grew its position in Dell Technologies by 54.7% during 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 during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DELL. 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. Bank of America lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. UBS Group dropped their price target on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Loop Capital decreased their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.65.

Dell Technologies Price Performance

NYSE:DELL traded down $0.20 during midday trading on Friday, reaching $96.02. 4,366,663 shares of the company traded hands, compared to its average volume of 10,388,598. The firm has a market capitalization of $67.01 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth 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 company has a fifty day moving average price of $90.12 and a 200 day moving average price of $109.24.

Dell Technologies Increases Dividend

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

Insider Activity

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 46.70% of the company's stock.

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).