Bahl & Gaynor Inc. Increases Position in Dell Technologies Inc. (NYSE:DELL)

Bahl & Gaynor Inc. boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,605,248 shares of the technology company’s stock after purchasing an additional 181,435 shares during the quarter. Dell Technologies makes up 1.0% of Bahl & Gaynor Inc.’s holdings, making the stock its 28th largest position. Bahl & Gaynor Inc. owned about 0.23% of Dell Technologies worth $184,989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DELL. Optimist Retirement Group LLC increased its stake in shares of Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after purchasing an additional 463 shares in the last quarter. US Bancorp DE increased its stake in Dell Technologies by 11.7% during the 3rd quarter. US Bancorp DE now owns 29,730 shares of the technology company’s stock worth $3,524,000 after buying an additional 3,116 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of Dell Technologies by 89.4% during the third quarter. Stephens Inc. AR now owns 10,286 shares of the technology company’s stock valued at $1,219,000 after acquiring an additional 4,854 shares during the last quarter. Focus Financial Network Inc. lifted its position in shares of Dell Technologies by 99.4% in the third quarter. Focus Financial Network Inc. now owns 4,044 shares of the technology company’s stock valued at $479,000 after acquiring an additional 2,016 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Dell Technologies by 74.3% in the third quarter. Farther Finance Advisors LLC now owns 840 shares of the technology company’s stock worth $100,000 after acquiring an additional 358 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DELL shares. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. UBS Group lowered their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday. Citigroup cut their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 21st. Melius Research upped their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, TD Cowen reduced their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.47.

Insider Activity at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 929,407 shares of company stock worth $113,411,626. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Stock Performance

NYSE:DELL opened at $95.55 on Tuesday. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70. The company has a 50 day moving average price of $112.10 and a 200 day moving average price of $118.30. The stock has a market capitalization of $66.93 billion, a P/E ratio of 16.88, a PEG ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.20%. Dell Technologies’s payout ratio is presently 33.76%.

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).