Commerce Bank Acquires 503 Shares of Dell Technologies Inc. (NYSE:DELL)

Commerce Bank lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,867 shares of the technology company’s stock after purchasing an additional 503 shares during the period. Commerce Bank’s holdings in Dell Technologies were worth $2,520,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies during the fourth quarter valued at about $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies in the 4th quarter valued at about $28,000. Versant Capital Management Inc grew its stake in Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after acquiring an additional 111 shares during the period. 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 currently owned by institutional investors.

Analysts Set New Price Targets

DELL has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Morgan Stanley lowered their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Citigroup decreased 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. Loop Capital reduced their target price on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, Bank of America decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $136.41.

Dell Technologies Trading Down 2.7 %

Shares of NYSE:DELL opened at $82.52 on Tuesday. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $179.70. The stock has a market cap of $57.59 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.10 and a beta of 0.94. The company has a 50 day moving average of $95.22 and a 200 day moving average of $111.95.

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 given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.54%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 33.76%.

Insider Buying and Selling at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 46.70% of the company’s stock.

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).