Trajan Wealth LLC Sells 3,903 Shares of Dell Technologies Inc. (NYSE:DELL)

Trajan Wealth LLC lessened its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,416 shares of the technology company's stock after selling 3,903 shares during the quarter. Trajan Wealth LLC's holdings in Dell Technologies were worth $4,657,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allen Capital Group LLC raised its position in Dell Technologies by 3.3% during the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock worth $338,000 after acquiring an additional 95 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of Dell Technologies by 18.7% during the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock valued at $70,000 after acquiring an additional 96 shares in the last quarter. Sunflower Bank N.A. raised its holdings in shares of Dell Technologies by 3.1% during the 4th quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company's stock valued at $375,000 after buying an additional 98 shares during the period. Bogart Wealth LLC boosted its position in Dell Technologies by 7.7% in the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock valued at $161,000 after buying an additional 100 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in shares of Dell Technologies by 23.0% during the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock valued at $62,000 after buying an additional 100 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wells Fargo & Company dropped their price target on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. The Goldman Sachs Group reduced their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Bank of America decreased their price target on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Finally, Loop Capital decreased their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $136.41.

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 46.70% of the stock is currently owned by insiders.

Dell Technologies Stock Up 4.8 %

Shares of NYSE:DELL traded up $4.32 during midday trading on Thursday, hitting $93.48. The stock had a trading volume of 4,011,948 shares, compared to its average volume of 10,372,604. The company's 50-day moving average price is $94.19 and its 200-day moving average price is $111.60. The company has a market capitalization of $65.23 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two 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 given a dividend of $0.525 per share. 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 2.25%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is currently 33.76%.

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).