HighPoint Advisor Group LLC Boosts Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

HighPoint Advisor Group LLC grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 8.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,846 shares of the technology company’s stock after buying an additional 695 shares during the period. HighPoint Advisor Group LLC’s holdings in Dell Technologies were worth $986,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies in the 4th quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies in the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC acquired a new position in Dell Technologies during the fourth quarter valued at approximately $28,000. Versant Capital Management Inc grew its stake in Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after buying an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Dell Technologies in the 4th quarter valued at $37,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 0.8 %

Shares of DELL opened at $91.85 on Wednesday. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70. The firm has a market cap of $64.34 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.10 and a beta of 0.83. The stock has a 50 day moving average of $103.54 and a 200-day moving average of $116.03.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is currently 33.76%.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction on 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction on Wednesday, January 8th. The stock was 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 directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 825,863 shares of company stock valued at $100,413,839. Company insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Loop Capital lowered their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. The Goldman Sachs Group dropped their target price on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Barclays upped their price target on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Wells Fargo & Company reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Finally, Citigroup lowered their price target on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.24.

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).