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

Ethic Inc. boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 70.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 46,783 shares of the technology company’s stock after buying an additional 19,386 shares during the period. Ethic Inc.’s holdings in Dell Technologies were worth $5,391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DELL. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies during the 4th quarter valued at $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies in the fourth quarter worth about $26,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at about $28,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at about $37,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Down 0.2 %

Shares of DELL stock opened at $96.02 on Friday. The company has a market cap of $67.01 billion, a P/E ratio of 16.96, a PEG ratio of 1.10 and a beta of 0.99. The business has a 50 day moving average of $90.16 and a two-hundred day moving average of $109.08. 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 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 is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insider Buying and Selling at Dell Technologies

In other news, 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 sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 46.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DELL. Barclays boosted their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Citigroup decreased their price objective on shares of Dell Technologies from $145.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. cut their price target on Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group lowered their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Finally, Bank of America reduced their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.65.

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).