Murphy & Mullick Capital Management Corp Makes New $76,000 Investment in Dell Technologies Inc. (NYSE:DELL)

Murphy & Mullick Capital Management Corp purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, Holdings Channel.com reports. The fund purchased 655 shares of the technology company’s stock, valued at approximately $76,000.

Several other institutional investors have also recently made changes to their positions in DELL. Optimist Retirement Group LLC lifted its stake in shares of Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after purchasing an additional 463 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Dell Technologies by 529.6% in the third quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company’s stock valued at $1,661,000 after buying an additional 11,783 shares during the last quarter. Quest Partners LLC boosted its stake in Dell Technologies by 17.0% during the third quarter. Quest Partners LLC now owns 1,383 shares of the technology company’s stock worth $164,000 after buying an additional 201 shares during the period. Cerity Partners LLC increased its position in shares of Dell Technologies by 159.2% during the third quarter. Cerity Partners LLC now owns 42,476 shares of the technology company’s stock valued at $5,035,000 after acquiring an additional 26,086 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Dell Technologies by 85.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 35,675 shares of the technology company’s stock worth $4,229,000 after acquiring an additional 16,420 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Activity

In other 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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 824,937 shares of company stock valued at $100,327,453. Insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 2.7 %

Shares of NYSE:DELL opened at $96.20 on Thursday. The firm has a 50 day simple moving average of $104.92 and a 200-day simple moving average of $116.44. The company has a market capitalization of $67.38 billion, a PE ratio of 17.00, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.18%. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Wall Street Analyst Weigh In

DELL has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Wells Fargo & Company decreased their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. The Goldman Sachs Group dropped their target price on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Finally, Citigroup dropped 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. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average 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).