Sharpepoint LLC Takes $1.39 Million Position in Dell Technologies Inc. (NYSE:DELL)

Sharpepoint LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,072 shares of the technology company's stock, valued at approximately $1,391,000. Dell Technologies makes up approximately 1.3% of Sharpepoint LLC's portfolio, making the stock its 25th biggest holding.

A number of other hedge funds also recently modified their holdings of the business. Burns J W & Co. Inc. NY bought a new position in Dell Technologies during the 4th quarter worth about $1,272,000. Sky Investment Group LLC bought a new position in shares of Dell Technologies during the fourth quarter worth about $1,687,000. Enclave Advisors LLC acquired a new stake in Dell Technologies in the 4th quarter valued at approximately $848,000. Empowered Funds LLC lifted its stake in Dell Technologies by 12.9% in the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock valued at $3,502,000 after acquiring an additional 3,470 shares in the last quarter. Finally, Retirement Systems of Alabama bought a new position in shares of Dell Technologies during the 3rd quarter worth approximately $7,435,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Up 4.7 %

Shares of DELL traded up $4.20 during midday trading on Thursday, reaching $93.36. 3,713,936 shares of the stock were exchanged, compared to its average volume of 8,738,817. The stock's 50 day simple moving average is $94.19 and its 200 day simple moving average is $111.60. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The company has a market cap of $65.15 billion, a P/E ratio of 16.50, a PEG ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is 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 dividend yield of 2.25%. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DELL. Morgan Stanley cut their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Bank of America cut their price target on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Barclays raised their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. JPMorgan Chase & Co. reduced their price target on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, TD Cowen lowered their price target on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $136.41.

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).