Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Quarry LP

Quarry LP lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 470.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,267 shares of the technology company's stock after purchasing an additional 3,519 shares during the period. Quarry LP's holdings in Dell Technologies were worth $492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DELL. Optimist Retirement Group LLC raised its stake 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 worth $256,000 after purchasing an additional 463 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Dell Technologies in the third quarter worth approximately $894,000. Morse Asset Management Inc raised its stake in shares of Dell Technologies by 180.1% in the third 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 last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dell Technologies in the third quarter worth approximately $198,000. Finally, Tidal Investments LLC raised its stake in shares of Dell Technologies by 49.0% in the third quarter. Tidal Investments LLC now owns 147,383 shares of the technology company's stock worth $17,471,000 after purchasing an additional 48,436 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Insider Transactions at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the firm'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 sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 46.70% of the company's stock.

Dell Technologies Trading Up 0.2 %

Shares of DELL stock traded up $0.16 during trading hours on Thursday, reaching $91.92. 6,317,868 shares of the stock were exchanged, compared to its average volume of 10,397,731. The firm has a market capitalization of $64.15 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70. The company's 50-day moving average price is $91.71 and its 200-day moving average price is $110.59.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. 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 2.28%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is currently 33.76%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DELL shares. Barclays increased their price target on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Morgan Stanley decreased 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. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Citigroup decreased their price target on Dell Technologies from $145.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Bank of America reduced their price objective 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 given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $134.65.

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).