Ashton Thomas Private Wealth LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Ashton Thomas Private Wealth LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,572 shares of the technology company’s stock, valued at approximately $527,000.

A number of other large investors have also recently made changes to their positions in the stock. Vision Financial Markets LLC bought a new position in Dell Technologies in the fourth quarter valued at about $26,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at about $28,000. True Wealth Design LLC lifted its stake in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the period. Covestor Ltd boosted its holdings in shares of Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after buying an additional 218 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after buying an additional 111 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DELL. Barclays lifted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. lowered their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Mizuho reduced their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. TD Cowen lowered their price objective 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. Finally, Wells Fargo & Company decreased their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $141.24.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 825,662 shares of company stock valued at $100,414,453 in the last quarter. 46.70% of the stock is currently owned by insiders.

Dell Technologies Stock Down 1.2 %

DELL opened at $90.33 on Tuesday. The company has a market capitalization of $63.27 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The firm has a 50-day simple moving average of $109.64 and a two-hundred day simple moving average of $117.68. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.32%. The ex-dividend date is Tuesday, April 22nd. 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%.

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).