Schechter Investment Advisors LLC Sells 148 Shares of Dell Technologies Inc. (NYSE:DELL)

Schechter Investment Advisors LLC lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 3.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,899 shares of the technology company’s stock after selling 148 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Dell Technologies were worth $449,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Burns J W & Co. Inc. NY acquired a new stake in Dell Technologies during the fourth quarter worth approximately $1,272,000. iA Global Asset Management Inc. lifted its holdings in Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares during the last quarter. National Pension Service boosted its stake in Dell Technologies by 8.8% in the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after purchasing an additional 50,304 shares during the period. Sky Investment Group LLC bought a new position in Dell Technologies during the 4th quarter worth $1,687,000. Finally, Enclave Advisors LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth $848,000. Institutional investors own 76.37% of the company’s stock.

Analysts Set New Price Targets

DELL has been the topic of several research reports. Loop Capital decreased their price target on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Citigroup cut their price target on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Morgan Stanley lowered their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group reduced their target price on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.24.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 929,407 shares of company stock valued at $113,411,626 in the last 90 days. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Price Performance

DELL stock opened at $97.31 on Thursday. The stock has a market cap of $68.16 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 1.10 and a beta of 0.90. The company has a 50 day simple moving average of $111.17 and a 200 day simple moving average of $118.04. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.16%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is presently 33.76%.

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).