SIH Partners LLLP Makes New $1.17 Million Investment in Dell Technologies Inc. (NYSE:DELL)

SIH Partners LLLP purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,155 shares of the technology company's stock, valued at approximately $1,170,000.

Other large investors have also recently modified their holdings of the company. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies in the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies in the fourth quarter worth $28,000. Versant Capital Management Inc lifted its stake 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 worth $36,000 after buying an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Dell Technologies during the fourth quarter valued at $37,000. Institutional investors own 76.37% of the company's stock.

Insider Buying and Selling

In other Dell Technologies 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 transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 46.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DELL shares. Loop Capital cut their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. The Goldman Sachs Group cut their price target on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. TD Cowen decreased their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, February 28th. Citigroup cut their price objective 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. Finally, UBS Group reduced their price objective on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $136.41.

Dell Technologies Price Performance

NYSE DELL traded up $0.61 on Friday, hitting $95.01. The company had a trading volume of 4,465,476 shares, compared to its average volume of 10,390,365. The company has a market capitalization of $66.30 billion, a PE ratio of 16.79, a PEG ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70. The company's fifty day moving average price is $93.29 and its 200-day moving average price is $111.25.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is 33.76%.

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).