Waverly Advisors LLC Has $898,000 Stock Position in Dell Technologies Inc. (NYSE:DELL)

Waverly Advisors LLC boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 54.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,794 shares of the technology company's stock after purchasing an additional 2,732 shares during the period. Waverly Advisors LLC's holdings in Dell Technologies were worth $898,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $25,000. Vision Financial Markets LLC acquired a new position in Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies during the fourth quarter worth about $26,000. Byrne Asset Management LLC purchased a new position in Dell Technologies in the 4th quarter worth 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 institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In other news, 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 sale, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Brunilda Rios sold 926 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DELL. Citigroup boosted their price objective on Dell Technologies from $105.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Barclays boosted their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Raymond James upped their price objective on Dell Technologies from $139.00 to $144.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. UBS Group reduced their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Morgan Stanley lifted their price target on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and an average target price of $135.82.

Dell Technologies Stock Down 0.1%

Shares of NYSE DELL traded down $0.14 on Wednesday, hitting $113.85. The company had a trading volume of 1,521,965 shares, compared to its average volume of 10,189,898. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70. The business has a 50 day moving average of $94.15 and a two-hundred day moving average of $107.57. The firm has a market capitalization of $79.45 billion, a P/E ratio of 20.11, a PEG ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were issued a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.84%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is currently 33.76%.

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).