Ashton Thomas Securities LLC Raises Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Ashton Thomas Securities LLC boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 2,603.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,568 shares of the technology company’s stock after purchasing an additional 3,436 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Dell Technologies were worth $411,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in DELL. Princeton Capital Management LLC increased its stake in shares of Dell Technologies by 18.0% in the fourth quarter. Princeton Capital Management LLC now owns 21,352 shares of the technology company’s stock worth $2,461,000 after buying an additional 3,253 shares during the last quarter. Zevenbergen Capital Investments LLC grew its holdings in Dell Technologies by 5.7% during the 4th quarter. Zevenbergen Capital Investments LLC now owns 158,480 shares of the technology company’s stock worth $18,263,000 after acquiring an additional 8,480 shares in the last quarter. Woodmont Investment Counsel LLC increased its position in shares of Dell Technologies by 24.0% in the 4th quarter. Woodmont Investment Counsel LLC now owns 60,465 shares of the technology company’s stock worth $6,968,000 after purchasing an additional 11,709 shares during the last quarter. Corebridge Financial Inc. lifted its position in shares of Dell Technologies by 36.9% during the fourth quarter. Corebridge Financial Inc. now owns 96,223 shares of the technology company’s stock worth $11,089,000 after purchasing an additional 25,949 shares during the last quarter. Finally, Congress Wealth Management LLC DE grew its stake in Dell Technologies by 4,026.8% in the fourth quarter. Congress Wealth Management LLC DE now owns 204,275 shares of the technology company’s stock worth $23,541,000 after purchasing an additional 199,325 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $98.72 on Wednesday. The stock has a market cap of $69.15 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 12 month low of $86.93 and a 12 month high of $179.70. The stock’s 50 day moving average price is $105.17 and its 200 day moving average price is $116.59.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.13%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DELL. Loop Capital reduced their target price 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 lowered their target price 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. Citigroup reduced their price target on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Morgan Stanley lowered their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 824,937 shares of company stock valued at $100,327,453 over the last three months. Company insiders own 46.70% of the company’s stock.

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).