Edgewood Management LLC Takes $1.73 Million Position in Dell Technologies Inc. (NYSE:DELL)

Edgewood Management LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 15,000 shares of the technology company’s stock, valued at approximately $1,729,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies in the fourth quarter valued at $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies during the 4th quarter worth about $26,000. Byrne Asset Management LLC acquired a new stake in Dell Technologies in the 4th quarter valued at about $28,000. Versant Capital Management Inc raised its stake in shares of Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth approximately $37,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their position. 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 value of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 825,863 shares of company stock valued at $100,413,839. 46.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group lowered their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. cut 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 Tuesday, February 11th. Finally, UBS Group lowered their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Trading Down 7.3 %

DELL stock opened at $71.57 on Friday. Dell Technologies Inc. has a 1-year low of $69.42 and a 1-year high of $179.70. The business’s 50-day moving average price is $101.57 and its two-hundred day moving average price is $115.30. The firm has a market cap of $49.94 billion, a PE ratio of 12.64, a P/E/G ratio of 1.10 and a beta of 0.94.

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 paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.93%. This is a boost 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 is presently 33.76%.

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).