Dark Forest Capital Management LP Buys Shares of 3,318 Dell Technologies Inc. (NYSE:DELL)

Dark Forest Capital Management LP bought a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,318 shares of the technology company's stock, valued at approximately $382,000.

Other hedge funds have also recently bought and sold shares of the company. SIH Partners LLLP acquired a new position in Dell Technologies during the 4th quarter worth approximately $1,170,000. J. Safra Sarasin Holding AG boosted its holdings in Dell Technologies by 3.9% during the fourth quarter. J. Safra Sarasin Holding AG now owns 31,079 shares of the technology company's stock worth $3,582,000 after purchasing an additional 1,168 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in Dell Technologies by 12.4% in the fourth quarter. OneDigital Investment Advisors LLC now owns 4,492 shares of the technology company's stock valued at $518,000 after purchasing an additional 494 shares in the last quarter. Stifel Financial Corp lifted its position in Dell Technologies by 1.1% during the 4th quarter. Stifel Financial Corp now owns 454,532 shares of the technology company's stock worth $52,381,000 after buying an additional 4,974 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its stake in shares of Dell Technologies by 7.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 115,380 shares of the technology company's stock worth $13,296,000 after buying an additional 8,267 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of DELL stock traded down $2.01 during trading on Wednesday, hitting $91.77. The company had a trading volume of 9,859,044 shares, compared to its average volume of 10,401,213. The firm has a market capitalization of $64.04 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The stock's 50-day moving average price is $92.23 and its 200 day moving average price is $110.72.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is 33.76%.

Insider Activity at Dell Technologies

In other 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 completion of the sale, the chief accounting officer now 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 SEC, which is accessible through this hyperlink. 46.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on DELL. Morgan Stanley reduced their price target on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company dropped their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Loop Capital lowered their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. 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. Finally, Barclays boosted their target price on Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.65.

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).