Coordinated Financial Services Inc. Invests $219,000 in Dell Technologies Inc. (NYSE:DELL)

Coordinated Financial Services Inc. bought a new position in Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 1,900 shares of the technology company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp lifted its position in Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after acquiring an additional 6,131,507 shares during the period. Geode Capital Management LLC lifted its position in Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after acquiring an additional 2,641,456 shares during the period. Bank of New York Mellon Corp lifted its position in Dell Technologies by 63.6% during the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock valued at $337,796,000 after acquiring an additional 1,139,318 shares during the period. Alkeon Capital Management LLC lifted its position in Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock valued at $254,479,000 after acquiring an additional 699,204 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Dell Technologies by 12.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,938,713 shares of the technology company’s stock valued at $223,417,000 after acquiring an additional 213,240 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 825,662 shares of company stock worth $100,414,453. 46.70% of the stock is owned by company insiders.

Dell Technologies Trading Down 1.8 %

Shares of NYSE DELL opened at $91.37 on Monday. The firm has a 50 day moving average of $110.13 and a 200 day moving average of $117.81. The firm has a market capitalization of $64.00 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth 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.

Dell Technologies Increases Dividend

The firm also recently announced 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 represents a $2.10 annualized dividend and a yield of 2.30%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s payout ratio is 33.76%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DELL. Barclays lifted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. UBS Group decreased their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 28th. Melius Research lifted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

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).