Brucke Financial Inc. purchased a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,295 shares of the technology company's stock, valued at approximately $264,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in Dell Technologies by 31.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,512 shares of the technology company's stock valued at $1,211,000 after acquiring an additional 2,502 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Dell Technologies by 7.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 105,007 shares of the technology company's stock valued at $12,101,000 after acquiring an additional 7,647 shares in the last quarter. Brighton Jones LLC lifted its stake in Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after acquiring an additional 901 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in Dell Technologies during the 4th quarter valued at $856,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Dell Technologies during the 4th quarter valued at $207,000. 76.37% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
DELL has been the subject of several research analyst reports. Loop Capital decreased their target price on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Bank of America decreased 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. 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, May 21st. Citigroup lifted their price objective on Dell Technologies from $105.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Evercore ISI lifted their price objective on Dell Technologies from $120.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.82.
Get Our Latest Stock Analysis on Dell Technologies
Insider Transactions at Dell Technologies
In related news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the sale, the chief financial officer now owns 245,804 shares in the company, valued at $27,235,083.20. The trade was a 3.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was 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 of the company's stock, valued at $3,540,168.92. The trade was a 2.38% 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 stock traded down $0.20 during mid-day trading on Wednesday, reaching $113.79. 4,536,343 shares of the company traded hands, compared to its average volume of 10,201,626. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70. The company has a market capitalization of $79.41 billion, a P/E ratio of 20.10, a P/E/G ratio of 1.10 and a beta of 0.99. The company has a fifty day moving average price of $94.15 and a 200-day moving average price of $107.57.
Dell Technologies Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were issued a dividend of $0.525 per share. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.85%. Dell Technologies's payout ratio is presently 33.76%.
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).
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