Dell Technologies Inc. (NYSE:DELL) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC raised its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,445 shares of the technology company's stock after acquiring an additional 4,927 shares during the period. MML Investors Services LLC's holdings in Dell Technologies were worth $4,430,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new position in Dell Technologies in the 4th quarter valued at $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies in the fourth quarter worth $28,000. Versant Capital Management Inc boosted its stake in shares of Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after purchasing an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in shares of Dell Technologies in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on DELL. Loop Capital reduced their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. TD Cowen lowered their target price on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, February 28th. Morgan Stanley reduced their price target on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Barclays raised their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Finally, OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.65.

Dell Technologies Trading Down 0.9 %

Shares of Dell Technologies stock traded down $0.83 during trading hours on Tuesday, reaching $93.64. 1,130,129 shares of the company's stock were exchanged, compared to its average volume of 10,347,619. The company has a fifty day moving average of $92.75 and a 200-day moving average of $110.84. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70. The firm has a market capitalization of $65.35 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company also recently disclosed 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 a positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's payout ratio is currently 33.76%.

Insider Activity at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the business'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 transaction, the chief accounting officer now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 46.70% of the stock is currently owned by insiders.

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).