Beacon Pointe Advisors LLC Raises Holdings in Dell Technologies Inc. (NYSE:DELL)

Beacon Pointe Advisors LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,399 shares of the technology company’s stock after purchasing an additional 608 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Dell Technologies were worth $5,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DELL. Vision Financial Markets LLC purchased a new stake in Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies during the 4th quarter worth approximately $26,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth $28,000. Versant Capital Management Inc grew its stake in Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in Dell Technologies in the fourth quarter valued at approximately $37,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

DELL stock opened at $93.76 on Wednesday. The company has a 50 day moving average price of $92.23 and a two-hundred day moving average price of $110.72. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The stock has a market capitalization of $65.43 billion, a P/E ratio of 16.57, a PEG ratio of 1.10 and a beta of 0.94.

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 $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.24%. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Evercore ISI lowered their target price on shares of Dell Technologies from $145.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday. Barclays lifted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Bank of America dropped their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. TD Cowen decreased their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Finally, Citigroup cut their price target on Dell Technologies from $145.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $134.65.

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at $3,540,168.92. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 46.70% of the stock is owned by insiders.

Dell Technologies 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).