Ellevest Inc. Boosts Position in Dell Technologies Inc. (NYSE:DELL)

Ellevest Inc. grew its position in Dell Technologies Inc. (NYSE:DELL) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,728 shares of the technology company’s stock after buying an additional 204 shares during the quarter. Ellevest Inc.’s holdings in Dell Technologies were worth $430,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in Dell Technologies by 59.3% during the third quarter. Principal Financial Group Inc. now owns 459,333 shares of the technology company’s stock worth $54,449,000 after acquiring an additional 170,984 shares during the last quarter. Fortitude Family Office LLC raised its position in shares of Dell Technologies by 171.9% during the 4th quarter. Fortitude Family Office LLC now owns 435 shares of the technology company’s stock worth $50,000 after purchasing an additional 275 shares during the last quarter. Franklin Street Advisors Inc. NC grew its holdings in Dell Technologies by 17.8% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 137,245 shares of the technology company’s stock valued at $15,816,000 after buying an additional 20,719 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in Dell Technologies during the fourth quarter worth $82,000. Finally, Graypoint LLC raised its holdings in shares of Dell Technologies by 12.6% in the fourth quarter. Graypoint LLC now owns 2,348 shares of the technology company’s stock worth $271,000 after acquiring an additional 262 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insiders Place Their Bets

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

Dell Technologies Price Performance

Shares of DELL opened at $96.02 on Friday. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $179.70. The stock’s 50-day moving average is $90.16 and its two-hundred day moving average is $109.08. The stock has a market cap of $67.01 billion, a PE ratio of 16.96, a P/E/G ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on DELL shares. Bank of America decreased their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price objective on Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Citigroup lowered their price target on Dell Technologies from $145.00 to $105.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Loop Capital cut their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.65.

About Dell Technologies

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).