ExodusPoint Capital Management LP Buys Shares of 15,867 Dell Technologies Inc. (NYSE:DELL)

ExodusPoint Capital Management LP purchased a new position in Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,867 shares of the technology company’s stock, valued at approximately $1,829,000.

A number of other large investors also recently modified their holdings of the company. World Investment Advisors purchased a new position in shares of Dell Technologies during the 4th quarter valued at $354,000. OneAscent Financial Services LLC grew its position in Dell Technologies by 14.4% during the fourth quarter. OneAscent Financial Services LLC now owns 3,653 shares of the technology company’s stock worth $421,000 after buying an additional 459 shares in the last quarter. Creekmur Asset Management LLC increased its stake in Dell Technologies by 2,747.6% in the 4th quarter. Creekmur Asset Management LLC now owns 3,531 shares of the technology company’s stock worth $407,000 after acquiring an additional 3,407 shares during the last quarter. Huntington National Bank raised its holdings in shares of Dell Technologies by 49.8% in the 4th quarter. Huntington National Bank now owns 1,344 shares of the technology company’s stock valued at $155,000 after acquiring an additional 447 shares in the last quarter. Finally, Private Portfolio Partners LLC boosted its position in shares of Dell Technologies by 50.6% during the 4th quarter. Private Portfolio Partners LLC now owns 3,052 shares of the technology company’s stock valued at $352,000 after acquiring an additional 1,025 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Down 3.4 %

Shares of DELL stock opened at $72.45 on Wednesday. The stock has a fifty day moving average of $99.80 and a 200 day moving average of $114.38. The firm has a market capitalization of $50.56 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The business also recently declared 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 represents a $2.10 annualized dividend and a dividend yield of 2.90%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is currently 33.76%.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was 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 in the company, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DELL. UBS Group lowered their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group lowered their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. TD Cowen cut their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Finally, Bank of America decreased 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. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $141.24.

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).