Burling Wealth Partners LLC Invests $1.13 Million in Dell Technologies Inc. (NYSE:DELL)

Burling Wealth Partners LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,828 shares of the technology company's stock, valued at approximately $1,133,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Burns J W & Co. Inc. NY purchased a new stake in shares of Dell Technologies in the fourth quarter valued at about $1,272,000. Sky Investment Group LLC acquired a new position in Dell Technologies in the fourth quarter worth $1,687,000. Enclave Advisors LLC bought a new position in shares of Dell Technologies in the fourth quarter worth $848,000. Empowered Funds LLC lifted its holdings in Dell Technologies by 12.9% in the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock valued at $3,502,000 after acquiring an additional 3,470 shares during the last quarter. Finally, Retirement Systems of Alabama purchased a new stake in shares of Dell Technologies in the third quarter worth approximately $7,435,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Morgan Stanley reduced their target price on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Citigroup cut their price target on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a report on Monday, April 14th. TD Cowen lowered their price target on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, February 28th. Finally, Evercore ISI decreased their target price on shares of Dell Technologies from $145.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $134.65.

Insider Activity at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 46.70% of the company's stock.

Dell Technologies Price Performance

Dell Technologies stock traded down $1.48 during trading hours on Monday, hitting $93.41. The stock had a trading volume of 1,795,541 shares, compared to its average volume of 10,375,855. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $179.70. The stock's fifty day moving average is $93.29 and its two-hundred day moving average is $111.07. The stock has a market capitalization of $65.18 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.10 and a beta of 0.94.

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 given a $0.525 dividend. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.25%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

Dell Technologies Company 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).