Choate Investment Advisors Boosts Position in Dell Technologies Inc. (NYSE:DELL)

Choate Investment Advisors grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 43.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,461 shares of the technology company’s stock after buying an additional 742 shares during the period. Choate Investment Advisors’ holdings in Dell Technologies were worth $284,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DELL. Natixis Advisors LLC grew its stake in Dell Technologies by 221.9% in the fourth quarter. Natixis Advisors LLC now owns 460,535 shares of the technology company’s stock worth $53,072,000 after purchasing an additional 317,472 shares during the period. M & L Capital Management Ltd purchased a new stake in Dell Technologies in the fourth quarter worth $5,969,000. Campbell Capital Management Inc. grew its stake in Dell Technologies by 1.2% in the fourth quarter. Campbell Capital Management Inc. now owns 59,075 shares of the technology company’s stock worth $6,808,000 after purchasing an additional 673 shares during the period. United Capital Management of KS Inc. grew its stake in Dell Technologies by 2.9% in the fourth quarter. United Capital Management of KS Inc. now owns 74,317 shares of the technology company’s stock worth $8,564,000 after purchasing an additional 2,091 shares during the period. Finally, Midwest Professional Planners LTD. grew its stake in Dell Technologies by 6.9% in the fourth quarter. Midwest Professional Planners LTD. now owns 5,945 shares of the technology company’s stock worth $685,000 after purchasing an additional 386 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DELL. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Melius Research upped their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Barclays increased their target price on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Finally, Morgan Stanley cut their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. 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 a consensus target price of $141.24.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $100,943,009.64. The trade was a 28.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction dated 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 transaction, the director now directly owns 810,657 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 824,937 shares of company stock valued at $100,327,453. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $97.60 on Tuesday. The stock has a market capitalization of $68.36 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.10 and a beta of 0.83. The stock’s 50-day simple moving average is $107.25 and its two-hundred day simple moving average is $117.08. 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 announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.15%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 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).