GLOBALT Investments LLC GA Purchases 167 Shares of Dell Technologies Inc. (NYSE:DELL)

GLOBALT Investments LLC GA lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 0.4% in the fourth quarter, HoldingsChannel reports. The fund owned 41,817 shares of the technology company’s stock after acquiring an additional 167 shares during the period. GLOBALT Investments LLC GA’s holdings in Dell Technologies were worth $4,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies during the 4th quarter valued at approximately $1,272,000. iA Global Asset Management Inc. grew its stake in shares of Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after acquiring an additional 5,203 shares during the period. Sky Investment Group LLC bought a new position in shares of Dell Technologies during the 4th quarter valued at approximately $1,687,000. Enclave Advisors LLC bought a new position in shares of Dell Technologies during the 4th quarter valued at approximately $848,000. Finally, Empowered Funds LLC grew its stake in shares of Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after acquiring an additional 3,470 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Morgan Stanley lowered their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Barclays boosted 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. Finally, Mizuho lowered their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Stock Performance

NYSE DELL opened at $95.76 on Monday. The company has a market cap of $67.08 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.10 and a beta of 0.83. The business’s 50 day moving average price is $107.79 and its 200-day moving average price is $117.17. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.19%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is currently 33.76%.

Insider Activity

In other Dell Technologies 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 value of $40,489,794.84. Following the transaction, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This represents a 28.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 824,937 shares of company stock valued at $100,327,453. 46.70% of the stock is currently owned by insiders.

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).