42,914 Shares in Dell Technologies Inc. (NYSE:DELL) Bought by Cadence Bank

Cadence Bank purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,914 shares of the technology company's stock, valued at approximately $4,945,000.

A number of other institutional investors have also modified their holdings of the company. Optimist Retirement Group LLC increased its holdings in shares of Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock valued at $256,000 after purchasing an additional 463 shares during the period. Orion Portfolio Solutions LLC raised its holdings in shares of Dell Technologies by 24.0% during the third quarter. Orion Portfolio Solutions LLC now owns 2,319 shares of the technology company's stock worth $275,000 after purchasing an additional 449 shares during the last quarter. Virtu Financial LLC purchased a new stake in Dell Technologies in the third quarter valued at $894,000. Morse Asset Management Inc grew its position in Dell Technologies by 180.1% during the 3rd quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company's stock worth $2,516,000 after purchasing an additional 13,646 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Dell Technologies during the 3rd quarter valued at about $198,000. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Up 3.8 %

Shares of DELL traded up $3.10 during midday trading on Tuesday, reaching $84.97. The company had a trading volume of 1,808,083 shares, compared to its average volume of 10,354,429. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $179.70. The firm has a 50 day simple moving average of $95.22 and a 200-day simple moving average of $111.95. The stock has a market cap of $59.30 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is presently 33.76%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the firm'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 owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company's stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. The Goldman Sachs Group lowered their price target on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Morgan Stanley cut their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Citigroup lowered their target price on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Bank of America reduced their price target on 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $136.41.

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).