Dell Technologies Inc. (NYSE:DELL) Shares Bought by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC grew its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 4,528.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,648 shares of the technology company's stock after purchasing an additional 151,307 shares during the period. Silvercrest Asset Management Group LLC's holdings in Dell Technologies were worth $17,822,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DELL. Bellwether Advisors LLC purchased a new stake in Dell Technologies in the fourth quarter worth approximately $25,000. Vision Financial Markets LLC purchased a new stake in Dell Technologies in the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies in the fourth quarter worth approximately $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies in the fourth quarter worth approximately $28,000. Finally, Stonebridge Financial Group LLC purchased a new stake in Dell Technologies in the fourth quarter worth approximately $37,000. Institutional investors own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the transaction, the chief financial officer now owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. This represents a 2.38% decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on DELL. Morgan Stanley cut their target price 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. TD Cowen cut their price target on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Citigroup upped their price objective on shares of Dell Technologies from $105.00 to $128.00 and gave the company a "buy" rating in a research note on Friday. JPMorgan Chase & Co. cut their target price on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Evercore ISI lowered their price target on Dell Technologies from $145.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.76.

Dell Technologies Price Performance

NYSE DELL traded down $0.15 on Tuesday, hitting $114.13. The company had a trading volume of 4,144,079 shares, compared to its average volume of 10,330,127. The company has a market capitalization of $79.64 billion, a PE ratio of 20.16, a PEG ratio of 1.10 and a beta of 0.99. The company's fifty day moving average price is $92.21 and its 200-day moving average price is $108.31. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were issued a $0.525 dividend. 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%. The ex-dividend date of this dividend was Tuesday, April 22nd. Dell Technologies's dividend payout ratio is presently 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).