EverSource Wealth Advisors LLC Has $50,000 Position in Dell Technologies Inc. (NYSE:DELL)

EverSource Wealth Advisors LLC reduced its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 36.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 436 shares of the technology company’s stock after selling 246 shares during the period. EverSource Wealth Advisors LLC’s holdings in Dell Technologies were worth $50,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies during the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies during the 4th quarter valued at about $28,000. True Wealth Design LLC boosted its position in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares in the last quarter. Versant Capital Management Inc boosted its position in Dell Technologies by 54.7% in 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 in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in Dell Technologies in the fourth quarter valued at about $37,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DELL shares. The Goldman Sachs Group reduced their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Loop Capital reduced their price target on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Mizuho reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Finally, OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Insider Buying and Selling at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’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 transaction, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were 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 $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 824,937 shares of company stock valued at $100,327,453. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $98.73 on Thursday. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70. The company has a market capitalization of $69.15 billion, a PE ratio of 17.44, a PEG ratio of 1.10 and a beta of 0.83. The company has a 50 day moving average price of $106.34 and a two-hundred day moving average price of $116.82.

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 paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is presently 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).