Castleark Management LLC Invests $7.33 Million in Dell Technologies Inc. (NYSE:DELL)

Castleark Management LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 63,610 shares of the technology company's stock, valued at approximately $7,330,000.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DELL shares. Raymond James lifted their price target on shares of Dell Technologies from $139.00 to $144.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. UBS Group dropped their target price on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Bank of America cut their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Citigroup raised their price target on shares of Dell Technologies from $105.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Loop Capital cut their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $134.76.

Insider Transactions at Dell Technologies

In other 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 transaction of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now owns 245,804 shares of the company's stock, valued at $27,235,083.20. This trade represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Company insiders own 46.70% of the company's stock.

Dell Technologies Stock Performance

Shares of DELL stock opened at $114.13 on Wednesday. The firm has a market cap of $79.64 billion, a P/E ratio of 20.16, a P/E/G ratio of 1.10 and a beta of 0.99. The firm's 50 day moving average price is $92.65 and its 200-day moving average price is $108.35. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.84%. This is a boost 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 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).

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