RBF Capital LLC Has $1.96 Million Stake in Dell Technologies Inc. (NYSE:DELL)

RBF Capital LLC reduced its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 32.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the technology company's stock after selling 8,000 shares during the period. RBF Capital LLC's holdings in Dell Technologies were worth $1,959,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Burns J W & Co. Inc. NY purchased a new position in Dell Technologies during the fourth quarter valued at approximately $1,272,000. Sky Investment Group LLC acquired a new stake in Dell Technologies in the fourth quarter valued at approximately $1,687,000. Enclave Advisors LLC acquired a new stake in Dell Technologies in the fourth quarter valued at approximately $848,000. Empowered Funds LLC lifted its stake in Dell Technologies by 12.9% in the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock valued at $3,502,000 after acquiring an additional 3,470 shares during the last quarter. Finally, Retirement Systems of Alabama acquired a new stake in Dell Technologies in the third quarter valued at approximately $7,435,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Brunilda Rios sold 926 shares of the 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 completion of the transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 46.70% of the company's stock.

Dell Technologies Trading Up 0.6 %

NYSE:DELL traded up $0.61 during trading hours on Friday, hitting $95.01. 4,465,476 shares of the company traded hands, compared to its average volume of 10,409,956. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The stock has a market capitalization of $66.30 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 1.10 and a beta of 0.94. The firm has a 50-day moving average of $93.29 and a 200 day moving average of $111.07.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is 33.76%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DELL. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. reduced their price objective on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Citigroup reduced their price objective on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Barclays boosted their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $136.41.

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).