Freestone Grove Partners LP purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 221,291 shares of the technology company's stock, valued at approximately $25,502,000.
Other hedge funds have also bought and sold shares of the company. Allen Capital Group LLC increased its holdings in shares of Dell Technologies by 3.3% in the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock valued at $338,000 after acquiring an additional 95 shares during the last quarter. Brooklyn Investment Group increased its stake in Dell Technologies by 18.7% during the fourth quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock valued at $70,000 after purchasing an additional 96 shares during the last quarter. Sunflower Bank N.A. raised its holdings in shares of Dell Technologies by 3.1% during the fourth quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company's stock worth $375,000 after purchasing an additional 98 shares during the period. Bogart Wealth LLC boosted its holdings in shares of Dell Technologies by 7.7% in the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock valued at $161,000 after buying an additional 100 shares during the period. Finally, Tortoise Investment Management LLC grew its position in shares of Dell Technologies by 23.0% during the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock valued at $62,000 after buying an additional 100 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.
Dell Technologies Stock Performance
Shares of NYSE DELL traded down $0.28 during mid-day trading on Tuesday, reaching $94.08. The company had a trading volume of 4,939,698 shares, compared to its average volume of 10,384,500. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The stock's 50 day moving average is $90.52 and its 200-day moving average is $109.65. The stock has a market capitalization of $65.65 billion, a PE ratio of 16.62, a price-to-earnings-growth 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. Stockholders of record on Tuesday, April 22nd were paid 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 2.23%. Dell Technologies's dividend payout ratio is 33.76%.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Morgan Stanley decreased their target price on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Evercore ISI lowered their price objective on Dell Technologies from $145.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Citigroup reduced their price target on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wells Fargo & Company dropped their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Finally, UBS Group reduced their target price on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $134.65.
Check Out Our Latest Stock Analysis on DELL
Insider Buying and Selling
In other 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 completion of the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 46.70% of the stock is currently owned by corporate 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).
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