307,210 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by Cercano Management LLC

Cercano Management LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 307,210 shares of the technology company's stock, valued at approximately $35,403,000. Dell Technologies makes up about 0.9% of Cercano Management LLC's portfolio, making the stock its 27th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allen Capital Group LLC increased its stake in shares of Dell Technologies by 3.3% in the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock worth $338,000 after acquiring an additional 95 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Dell Technologies by 18.7% during the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock worth $70,000 after purchasing an additional 96 shares in the last quarter. Sunflower Bank N.A. grew its stake in shares of Dell Technologies by 3.1% in the 4th quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company's stock valued at $375,000 after buying an additional 98 shares in the last quarter. Bogart Wealth LLC increased its holdings in Dell Technologies by 7.7% in the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock worth $161,000 after buying an additional 100 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its position in Dell Technologies by 23.0% during the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock valued at $62,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DELL. 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. UBS Group decreased their price target on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Bank of America cut their price objective on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley reduced their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.65.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the business'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 transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 46.70% of the company's stock.

Dell Technologies Stock Down 0.2 %

DELL traded down $0.20 during trading on Friday, reaching $96.02. 4,366,693 shares of the company's stock were exchanged, compared to its average volume of 10,427,015. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70. The company has a market capitalization of $67.01 billion, a P/E ratio of 16.96, a PEG ratio of 1.10 and a beta of 0.99. The business has a 50 day moving average price of $90.16 and a 200 day moving average price of $109.00.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.19%. 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).