Putney Financial Group LLC Buys New Holdings in Dell Technologies Inc. (NYSE:DELL)

Putney Financial Group LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,820 shares of the technology company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after purchasing an additional 3,470 shares in the last quarter. Bay Rivers Group bought a new stake in Dell Technologies during the 4th quarter worth approximately $2,347,000. Newbridge Financial Services Group Inc. increased its holdings in Dell Technologies by 163.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 16,566 shares of the technology company’s stock worth $1,909,000 after purchasing an additional 10,281 shares in the last quarter. Jennison Associates LLC increased its holdings in Dell Technologies by 3.2% during the 4th quarter. Jennison Associates LLC now owns 1,165,754 shares of the technology company’s stock worth $134,341,000 after purchasing an additional 36,621 shares in the last quarter. Finally, Swedbank AB increased its holdings in Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after purchasing an additional 1,690,709 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DELL. Wells Fargo & Company decreased their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. UBS Group cut their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. The Goldman Sachs Group cut their price objective 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. Evercore ISI boosted their price objective on Dell Technologies from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Mizuho boosted their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.82.

Dell Technologies Stock Performance

NYSE:DELL opened at $112.18 on Friday. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70. The firm has a market cap of $78.28 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.10 and a beta of 0.99. The business’s fifty day moving average is $93.58 and its 200 day moving average is $107.89.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.87%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 33.76%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the company’s 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 in the company, valued at $3,540,168.92. This represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the transaction, the chief financial officer now owns 245,804 shares in the company, valued at $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Company 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).