Investment House LLC Boosts Position in Dell Technologies Inc. (NYSE:DELL)

Investment House LLC boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 12.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 129,551 shares of the technology company’s stock after buying an additional 14,623 shares during the period. Investment House LLC’s holdings in Dell Technologies were worth $14,929,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Xponance Inc. raised its stake in shares of Dell Technologies by 11.3% during the fourth quarter. Xponance Inc. now owns 47,157 shares of the technology company’s stock valued at $5,434,000 after purchasing an additional 4,779 shares during the period. Intech Investment Management LLC raised its stake in shares of Dell Technologies by 4.5% during the fourth quarter. Intech Investment Management LLC now owns 19,282 shares of the technology company’s stock valued at $2,222,000 after purchasing an additional 824 shares during the period. Horizon Investments LLC raised its stake in shares of Dell Technologies by 463.9% during the fourth quarter. Horizon Investments LLC now owns 22,054 shares of the technology company’s stock valued at $2,531,000 after purchasing an additional 18,143 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Dell Technologies by 41.3% during the fourth quarter. Advisors Asset Management Inc. now owns 45,985 shares of the technology company’s stock valued at $5,299,000 after purchasing an additional 13,431 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Dell Technologies by 6.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 14,868 shares of the technology company’s stock valued at $1,713,000 after purchasing an additional 860 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL opened at $96.42 on Wednesday. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The company has a market cap of $67.54 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The firm has a fifty day moving average of $106.75 and a 200-day moving average of $116.94.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.18%. Dell Technologies’s payout ratio is 33.76%.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s 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 completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold 824,937 shares of company stock valued at $100,327,453 over the last 90 days. 46.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DELL shares. Melius Research lifted their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Loop Capital dropped their price target on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. JPMorgan Chase & Co. dropped their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Finally, TD Cowen dropped their price target on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies 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).