8,000 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by Pacific Point Advisors LLC

Pacific Point Advisors LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,000 shares of the technology company's stock, valued at approximately $922,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth approximately $25,000. Vision Financial Markets LLC purchased a new position in Dell Technologies in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies in the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at approximately $28,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $37,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DELL shares. Mizuho increased their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday. UBS Group cut 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. Raymond James raised their target price on Dell Technologies from $139.00 to $144.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Morgan Stanley lifted their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.65.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the business'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 sale, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the sale, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. The trade was a 3.15% decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is owned by insiders.

Dell Technologies Price Performance

DELL opened at $111.98 on Friday. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The company has a fifty day moving average price of $93.26 and a 200-day moving average price of $108.25. The firm has a market capitalization of $78.14 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.88%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Tuesday, April 22nd. Dell Technologies's dividend payout ratio is 33.76%.

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).

Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.