Trajan Wealth LLC Sells 3,903 Shares of Dell Technologies Inc. (NYSE:DELL)

Trajan Wealth LLC decreased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 8.8% during the fourth quarter, HoldingsChannel reports. The fund owned 40,416 shares of the technology company’s stock after selling 3,903 shares during the quarter. Trajan Wealth LLC’s holdings in Dell Technologies were worth $4,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Burns J W & Co. Inc. NY bought a new stake in shares of Dell Technologies during the fourth quarter valued at about $1,272,000. Sky Investment Group LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at $1,687,000. Enclave Advisors LLC bought a new stake in Dell Technologies during the fourth quarter valued at $848,000. Empowered Funds LLC increased its stake in Dell Technologies by 12.9% in the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after acquiring an additional 3,470 shares during the last quarter. Finally, Retirement Systems of Alabama purchased a new position in shares of Dell Technologies during the third quarter worth about $7,435,000. 76.37% of the stock is owned by institutional investors.

Dell Technologies Price Performance

DELL stock opened at $84.86 on Friday. The stock has a market capitalization of $59.22 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.10 and a beta of 0.94. The business has a fifty day moving average price of $95.82 and a 200-day moving average price of $112.24. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $179.70.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.47%. Dell Technologies’s payout ratio is 33.76%.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the 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 sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Loop Capital decreased their price target 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. Barclays upped their price objective on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. The Goldman Sachs Group cut their target price on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company lowered 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 note on Friday, February 28th. Finally, Citigroup dropped their target price on Dell Technologies from $145.00 to $105.00 and set a “buy” rating for the company in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.41.

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).