Rafferty Asset Management LLC Purchases 8,939 Shares of Dell Technologies Inc. (NYSE:DELL)

Rafferty Asset Management LLC boosted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 9.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 106,912 shares of the technology company's stock after purchasing an additional 8,939 shares during the period. Rafferty Asset Management LLC's holdings in Dell Technologies were worth $12,321,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DELL. Wedmont Private Capital bought a new stake in Dell Technologies in the 4th quarter worth about $247,000. Park Avenue Securities LLC grew its position in Dell Technologies by 33.8% in the 4th quarter. Park Avenue Securities LLC now owns 4,395 shares of the technology company's stock worth $506,000 after purchasing an additional 1,110 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Dell Technologies by 40.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 34,862 shares of the technology company's stock worth $4,017,000 after purchasing an additional 10,060 shares in the last quarter. Gateway Investment Advisers LLC grew its position in Dell Technologies by 3.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 62,020 shares of the technology company's stock worth $7,147,000 after purchasing an additional 2,219 shares in the last quarter. Finally, Carnegie Investment Counsel grew its position in Dell Technologies by 40.8% in the 4th quarter. Carnegie Investment Counsel now owns 81,330 shares of the technology company's stock worth $9,372,000 after purchasing an additional 23,577 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Trading Down 0.1%

Shares of DELL stock traded down $0.15 during trading on Tuesday, reaching $114.13. 4,144,079 shares of the company's stock traded hands, compared to its average volume of 10,330,127. The company has a market capitalization of $79.64 billion, a P/E ratio of 20.16, a PEG ratio of 1.10 and a beta of 0.99. The firm's 50-day moving average is $92.21 and its 200 day moving average is $108.31. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70.

Dell Technologies Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DELL shares. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. TD Cowen reduced 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 report on Friday, February 28th. Mizuho increased their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday. The Goldman Sachs Group reduced their target price on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Finally, Loop Capital reduced their target price on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.76.

Insider Buying and Selling at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction 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 in the company, valued at $3,540,168.92. This trade represents a 2.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the sale, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.

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).