Dell Technologies Inc. (NYSE:DELL) Shares Sold by Concentric Capital Strategies LP

Concentric Capital Strategies LP reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 31.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,826 shares of the technology company's stock after selling 35,183 shares during the period. Concentric Capital Strategies LP's holdings in Dell Technologies were worth $8,853,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burns J W & Co. Inc. NY acquired a new position in Dell Technologies during the 4th quarter worth about $1,272,000. Sky Investment Group LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth about $1,687,000. Enclave Advisors LLC purchased a new position in Dell Technologies in the fourth quarter valued at $848,000. Empowered Funds LLC lifted its position in shares of Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock worth $3,502,000 after buying an additional 3,470 shares during the last quarter. Finally, Bay Rivers Group acquired a new position in Dell Technologies during the fourth quarter worth approximately $2,347,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DELL shares. Morgan Stanley reduced their target price on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Citigroup decreased their target price 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. JPMorgan Chase & Co. lowered their price objective on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Loop Capital reduced their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group reduced their price target on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $134.65.

Dell Technologies Trading Down 0.3 %

Shares of DELL stock opened at $94.08 on Wednesday. The firm has a fifty day simple moving average of $90.25 and a two-hundred day simple moving average of $109.54. The firm has a market capitalization of $65.65 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $179.70.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio (DPR) is 33.76%.

Insider Buying and Selling

In related news, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 46.70% of the stock is currently owned by insiders.

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).

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