Prosperity Consulting Group LLC Invests $334,000 in Dell Technologies Inc. (NYSE:DELL)

Prosperity Consulting Group LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,898 shares of the technology company's stock, valued at approximately $334,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DELL. Vision Financial Markets LLC bought a new position in Dell Technologies during the fourth quarter worth about $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies in the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies during the fourth quarter valued at $28,000. Versant Capital Management Inc raised its holdings 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 acquired a new position in shares of Dell Technologies during the fourth quarter valued at about $37,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Down 2.1 %

NYSE:DELL traded down $2.01 during trading hours on Wednesday, hitting $91.77. 9,859,044 shares of the stock traded hands, compared to its average volume of 10,401,213. The firm has a market cap of $64.04 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.10 and a beta of 0.94. The firm has a 50 day moving average price of $92.23 and a 200 day moving average price of $110.72. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is currently 33.76%.

Insider Transactions at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $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 is available through this hyperlink. 46.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DELL shares. Barclays boosted their target price 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. Morgan Stanley dropped their price target on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. The Goldman Sachs Group reduced 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. Bank of America dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their price objective on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $134.65.

About Dell Technologies

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).