Panoramic Capital LLC Invests $1.97 Million in Dell Technologies Inc. (NYSE:DELL)

Panoramic Capital LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,063 shares of the technology company's stock, valued at approximately $1,966,000. Dell Technologies comprises approximately 1.1% of Panoramic Capital LLC's holdings, making the stock its 24th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies in the fourth quarter valued at about $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies in the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies in the fourth quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies in the fourth quarter valued at about $28,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Dell Technologies in the fourth quarter valued at about $37,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the sale, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 46.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DELL. Citigroup increased their price objective on shares of Dell Technologies from $105.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday. Wells Fargo & Company reduced their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Evercore ISI reduced their price objective on shares of Dell Technologies from $145.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Loop Capital dropped their target price 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. Finally, UBS Group dropped their target price on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a report 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, the stock has an average rating of "Moderate Buy" and an average price target of $135.06.

Dell Technologies Trading Up 3.1%

NYSE DELL traded up $3.42 during mid-day trading on Friday, hitting $114.29. The company's stock had a trading volume of 5,431,892 shares, compared to its average volume of 10,376,947. The company's 50 day simple moving average is $91.82 and its 200 day simple moving average is $108.68. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The firm has a market capitalization of $79.75 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 1.84%. Dell Technologies's dividend payout ratio (DPR) is 33.76%.

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).