Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Ethic Inc.

Ethic Inc. raised its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 70.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,783 shares of the technology company's stock after buying an additional 19,386 shares during the period. Ethic Inc.'s holdings in Dell Technologies were worth $5,391,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DELL. Allen Capital Group LLC boosted its holdings in Dell Technologies by 3.3% in the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock worth $338,000 after buying an additional 95 shares during the period. Brooklyn Investment Group boosted its stake in shares of Dell Technologies by 18.7% in the fourth quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock worth $70,000 after acquiring an additional 96 shares during the period. Sunflower Bank N.A. grew its position in shares of Dell Technologies by 3.1% during the fourth quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company's stock worth $375,000 after purchasing an additional 98 shares in the last quarter. Bogart Wealth LLC lifted its holdings in Dell Technologies by 7.7% in the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock worth $161,000 after purchasing an additional 100 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its position in shares of 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 buying an additional 100 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Price Performance

NYSE DELL traded up $4.43 during midday trading on Tuesday, hitting $107.85. 7,052,611 shares of the company traded hands, compared to its average volume of 10,428,847. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70. The company's 50-day simple moving average is $90.28 and its 200-day simple moving average is $108.79. The company has a market cap of $75.26 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were issued a $0.525 dividend. 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 dividend on an annualized basis and a yield of 1.95%. Dell Technologies's payout ratio is currently 33.76%.

Insider Buying and Selling at Dell Technologies

In other 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 transaction of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 46.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. TD Cowen cut their target price 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. 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 note on Friday, February 28th. Barclays lifted their price objective on Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Morgan Stanley cut their target price 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. Finally, The Goldman Sachs Group lowered their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $133.71.

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).