Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Ellevest Inc.

Ellevest Inc. boosted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 5.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,728 shares of the technology company’s stock after acquiring an additional 204 shares during the period. Ellevest Inc.’s holdings in Dell Technologies were worth $430,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bellwether Advisors LLC acquired a new stake in Dell Technologies in the fourth quarter valued at $25,000. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Dell Technologies during the 4th quarter worth about $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies during the fourth quarter worth approximately $28,000. Finally, Stonebridge Financial Group LLC acquired a new position in Dell Technologies in the fourth quarter valued at approximately $37,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Shares of DELL opened at $96.02 on Friday. The stock has a market capitalization of $67.01 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70. The company’s fifty day moving average is $90.16 and its two-hundred day moving average is $109.08.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.19%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. Dell Technologies’s payout ratio is 33.76%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 46.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DELL shares. Evercore ISI reduced their price objective on shares of Dell Technologies from $145.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Wells Fargo & Company reduced 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 report on Friday, February 28th. Citigroup dropped their price objective on Dell Technologies from $145.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on Dell Technologies from $150.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, UBS Group dropped their price target on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $134.65.

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).