Guggenheim Capital LLC Sells 10,289 Shares of Dell Technologies Inc. (NYSE:DELL)

Guggenheim Capital LLC trimmed its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 51.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,614 shares of the technology company's stock after selling 10,289 shares during the quarter. Guggenheim Capital LLC's holdings in Dell Technologies were worth $1,108,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DELL. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies in the fourth quarter worth about $26,000. Byrne Asset Management LLC acquired a new stake in Dell Technologies during the 4th quarter worth approximately $28,000. Versant Capital Management Inc lifted its position in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of Dell Technologies during the fourth quarter worth about $37,000. 76.37% of the stock is owned by institutional investors.

Insider Activity at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $3,540,168.92. This represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 46.70% of the stock is currently owned by insiders.

Dell Technologies Stock Up 0.6 %

Shares of DELL traded up $0.61 during midday trading on Friday, hitting $95.01. The company's stock had a trading volume of 4,465,476 shares, compared to its average volume of 10,390,365. The company's fifty day simple moving average is $93.29 and its two-hundred day simple moving average is $111.25. The stock has a market capitalization of $66.30 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.76%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DELL shares. TD Cowen lowered their price target on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. The Goldman Sachs Group cut their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Barclays upped their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. UBS Group cut 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. Finally, Morgan Stanley decreased their price target on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and an average price target of $136.41.

Dell Technologies Company 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).