Mainstream Capital Management LLC Acquires New Position in Dell Technologies Inc. (NYSE:DELL)

Mainstream Capital Management LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, Holdings Channel reports. The firm bought 1,603 shares of the technology company’s stock, valued at approximately $185,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. AMJ Financial Wealth Management acquired a new position in Dell Technologies in the 4th quarter valued at about $2,297,000. Bahl & Gaynor Inc. boosted its holdings in Dell Technologies by 12.7% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,605,248 shares of the technology company’s stock valued at $184,989,000 after purchasing an additional 181,435 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Dell Technologies by 12.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,938,713 shares of the technology company’s stock worth $223,417,000 after acquiring an additional 213,240 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of Dell Technologies by 6.3% in the 4th quarter. State of Michigan Retirement System now owns 98,458 shares of the technology company’s stock worth $11,346,000 after acquiring an additional 5,800 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Dell Technologies by 1.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 19,376 shares of the technology company’s stock worth $2,233,000 after acquiring an additional 210 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Monday, December 16th. The shares were 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 owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction 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 trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 929,407 shares of company stock worth $113,411,626 in the last 90 days. Company insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday. TD Cowen decreased their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Barclays upped their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Evercore ISI reiterated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.47.

Dell Technologies Trading Down 7.0 %

Shares of NYSE:DELL opened at $95.55 on Tuesday. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70. The company’s 50 day moving average is $112.10 and its two-hundred day moving average is $118.30. The company has a market cap of $66.93 billion, a PE ratio of 16.88, a P/E/G ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The business 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 $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase 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 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).