Nitorum Capital L.P. Has $24.20 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

Nitorum Capital L.P. lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 210,020 shares of the technology company's stock after buying an additional 10,451 shares during the quarter. Dell Technologies comprises about 2.8% of Nitorum Capital L.P.'s portfolio, making the stock its 15th largest holding. Nitorum Capital L.P.'s holdings in Dell Technologies were worth $24,203,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies during the fourth quarter worth about $28,000. Versant Capital Management Inc increased its stake in shares of Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at $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 stock in a transaction on 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 owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 46.70% of the company's stock.

Dell Technologies Stock Down 3.5 %

Shares of DELL traded down $3.27 during mid-day trading on Wednesday, reaching $90.51. 5,627,528 shares of the company's stock were exchanged, compared to its average volume of 8,568,138. The company has a market cap of $63.16 billion, a price-to-earnings ratio of 15.99, a PEG 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. The company has a 50-day simple moving average of $92.23 and a two-hundred day simple moving average of $110.72.

Dell Technologies Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on DELL. UBS Group reduced their target price on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Loop Capital dropped their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Citigroup dropped their price target on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Morgan Stanley decreased their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Finally, Wells Fargo & Company reduced their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $134.65.

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).