Gerber Kawasaki Wealth & Investment Management Buys 27,005 Shares of Dell Technologies Inc. (NYSE:DELL)

Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 66.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,447 shares of the technology company's stock after purchasing an additional 27,005 shares during the period. Gerber Kawasaki Wealth & Investment Management's holdings in Dell Technologies were worth $7,773,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vision Financial Markets LLC acquired a new stake in Dell Technologies in the fourth quarter worth $26,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies in the fourth quarter worth $26,000. Byrne Asset Management LLC acquired a new stake in Dell Technologies in the fourth quarter worth $28,000. Versant Capital Management Inc increased its position in Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock worth $36,000 after buying an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in Dell Technologies in the fourth quarter worth $37,000. Institutional investors own 76.37% of the company's stock.

Insider Buying and Selling

In other news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 46.70% of the company's stock.

Dell Technologies Price Performance

Dell Technologies stock traded down $3.27 during mid-day trading on Wednesday, hitting $90.51. The company's stock had a trading volume of 5,627,528 shares, compared to its average volume of 10,363,569. The firm's 50 day moving average is $92.23 and its 200 day moving average is $110.72. The company has a market cap of $63.16 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is currently 33.76%.

Analyst Ratings Changes

Several research firms have recently issued reports on DELL. Evercore ISI decreased their price target on Dell Technologies from $145.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday. UBS Group decreased 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. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Bank of America decreased their price target on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, TD Cowen decreased their price target on Dell Technologies from $128.00 to $120.00 and set a "hold" 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 assigned a buy rating to the stock. According to MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $134.65.

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).