Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,371 shares of the technology company’s stock after purchasing an additional 1,065 shares during the quarter. Wedbush Securities Inc.’s holdings in Dell Technologies were worth $3,846,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DELL. Allen Capital Group LLC raised its holdings in Dell Technologies by 3.3% in the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock valued at $338,000 after acquiring an additional 95 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Dell Technologies by 18.7% during the fourth quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock worth $70,000 after purchasing an additional 96 shares during the last quarter. Sunflower Bank N.A. grew its stake in Dell Technologies by 3.1% in the fourth quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company’s stock worth $375,000 after purchasing an additional 98 shares in the last quarter. Bogart Wealth LLC raised its stake in Dell Technologies by 7.7% during the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock valued at $161,000 after buying an additional 100 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in Dell Technologies by 23.0% during the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock worth $62,000 after buying an additional 100 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of research analyst reports. Citigroup lowered their price target on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 21st. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Barclays increased their price objective 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. Finally, TD Cowen lowered their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

Dell Technologies Trading Down 7.3 %

Shares of NYSE:DELL opened at $71.57 on Friday. The company has a 50 day moving average of $101.57 and a 200-day moving average of $115.31. The firm has a market cap of $50.13 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a twelve month low of $69.42 and a twelve month high of $179.70.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.93%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is 33.76%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, 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. Insiders sold 825,863 shares of company stock valued at $100,413,839 over the last 90 days. 46.70% of the stock is currently owned by corporate 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).