Lighthouse Investment Partners LLC reduced its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 17.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,045 shares of the technology company's stock after selling 12,645 shares during the quarter. Lighthouse Investment Partners LLC's holdings in Dell Technologies were worth $6,920,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies during the 4th quarter worth approximately $1,272,000. Sky Investment Group LLC acquired a new stake in shares of Dell Technologies in the 4th quarter worth $1,687,000. Enclave Advisors LLC purchased a new stake in Dell Technologies in the fourth quarter valued at about $848,000. Empowered Funds LLC grew its position in 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 purchasing an additional 3,470 shares during the last quarter. Finally, Bay Rivers Group purchased a new position in shares of Dell Technologies in the fourth quarter worth $2,347,000. 76.37% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
DELL has been the subject of a number of research reports. UBS Group lowered their price target on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Bank of America reduced their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Raymond James lifted their price target on Dell Technologies from $139.00 to $144.00 and gave the company an "outperform" rating in a research report on Tuesday. Wells Fargo & Company lowered their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $135.06.
Read Our Latest Stock Analysis on Dell Technologies
Dell Technologies Trading Up 3.1%
NYSE:DELL traded up $3.42 during mid-day trading on Friday, hitting $114.29. The stock had a trading volume of 5,431,892 shares, compared to its average volume of 10,373,092. The company has a market capitalization of $79.75 billion, a PE ratio of 20.19, a PEG ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The stock has a 50-day simple moving average of $91.37 and a two-hundred day simple moving average of $108.73.
Dell Technologies Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.84%. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. Dell Technologies's dividend payout ratio is presently 33.76%.
Insiders Place Their Bets
In other news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, 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 disclosure for this sale can be found here. 46.70% of the stock is owned by insiders.
About Dell Technologies
(
Free Report)
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).
Recommended Stories
Before you consider Dell Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dell Technologies wasn't on the list.
While Dell Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
