Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp raised its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 454,532 shares of the technology company's stock after purchasing an additional 4,974 shares during the period. Stifel Financial Corp owned approximately 0.06% of Dell Technologies worth $52,381,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Optimist Retirement Group LLC boosted its position in Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock valued at $256,000 after acquiring an additional 463 shares in the last quarter. Virtu Financial LLC bought a new position in Dell Technologies in the 3rd quarter valued at approximately $894,000. Morse Asset Management Inc lifted its position in Dell Technologies by 180.1% in the 3rd quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company's stock valued at $2,516,000 after acquiring an additional 13,646 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Dell Technologies in the third quarter worth $198,000. Finally, Tidal Investments LLC boosted its position in Dell Technologies by 49.0% in the third quarter. Tidal Investments LLC now owns 147,383 shares of the technology company's stock worth $17,471,000 after purchasing an additional 48,436 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly 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 the SEC website. Company insiders own 46.70% of the company's stock.

Dell Technologies Trading Up 0.6 %

Shares of DELL stock traded up $0.61 on Friday, reaching $95.01. 4,465,476 shares of the stock were exchanged, compared to its average volume of 10,409,956. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The company has a market capitalization of $66.30 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 1.10 and a beta of 0.94. The business's 50 day moving average price is $93.29 and its 200 day moving average price is $111.07.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. 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 2.21%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is 33.76%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Bank of America decreased their price objective on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased 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. Loop Capital reduced their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. UBS Group reduced their price objective on Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Finally, Morgan Stanley dropped their target price on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $136.41.

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).