Tower Research Capital LLC TRC Acquires 13,672 Shares of Dell Technologies Inc. (NYSE:DELL)

Tower Research Capital LLC TRC boosted its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 121.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,902 shares of the technology company's stock after acquiring an additional 13,672 shares during the period. Tower Research Capital LLC TRC's holdings in Dell Technologies were worth $2,870,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Burns J W & Co. Inc. NY purchased a new position in shares of Dell Technologies during the fourth quarter valued at about $1,272,000. Sky Investment Group LLC purchased a new position in shares of Dell Technologies during the 4th quarter worth approximately $1,687,000. Enclave Advisors LLC purchased a new position in shares of Dell Technologies in the 4th quarter valued at approximately $848,000. Empowered Funds LLC boosted its position in shares of Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock valued at $3,502,000 after purchasing an additional 3,470 shares in the last quarter. Finally, Retirement Systems of Alabama purchased a new stake in Dell Technologies in the third quarter worth $7,435,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Brunilda Rios sold 926 shares of the 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 completion of the sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 46.70% of the company's stock.

Dell Technologies Trading Up 0.6 %

NYSE:DELL traded up $0.61 during trading hours on Friday, reaching $95.01. The company had a trading volume of 4,465,476 shares, compared to its average volume of 10,390,365. The firm's 50 day moving average price is $93.29 and its 200-day moving average price is $111.25. The firm has a market cap of $66.30 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a $0.525 dividend. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.21%. Dell Technologies's dividend payout ratio (DPR) is presently 33.76%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DELL. UBS Group dropped their target price on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Loop Capital decreased 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 note on Tuesday, March 4th. TD Cowen dropped 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. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Finally, Bank of America dropped their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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).