SVB Wealth LLC Invests $913,000 in Dell Technologies Inc. (NYSE:DELL)

SVB Wealth LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,922 shares of the technology company’s stock, valued at approximately $913,000.

A number of other institutional investors also recently made changes to their positions in DELL. Mutual of America Capital Management LLC raised its position in shares of Dell Technologies by 4.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 36,792 shares of the technology company’s stock valued at $4,240,000 after buying an additional 1,417 shares in the last quarter. Private Trust Co. NA raised its position in shares of Dell Technologies by 12.2% in the fourth quarter. Private Trust Co. NA now owns 3,787 shares of the technology company’s stock valued at $436,000 after buying an additional 412 shares in the last quarter. Argyle Capital Management LLC raised its position in shares of Dell Technologies by 38.8% in the fourth quarter. Argyle Capital Management LLC now owns 17,576 shares of the technology company’s stock valued at $2,025,000 after buying an additional 4,916 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Dell Technologies by 37.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,272 shares of the technology company’s stock valued at $147,000 after buying an additional 346 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Dell Technologies by 1.7% in the fourth quarter. QRG Capital Management Inc. now owns 27,472 shares of the technology company’s stock valued at $3,166,000 after buying an additional 447 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Down 7.0 %

Shares of Dell Technologies stock opened at $95.55 on Tuesday. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The stock has a market cap of $66.93 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 1.10 and a beta of 0.90. The company’s fifty day moving average is $112.10 and its 200 day moving average is $118.30.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.20%. Dell Technologies’s payout ratio is currently 33.76%.

Wall Street Analyst Weigh In

DELL has been the subject of a number of analyst reports. UBS Group dropped their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered their price objective 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. TD Cowen lowered their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research report on Friday. Morgan Stanley lowered their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, Barclays boosted their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.47.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the sale, the director now owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. This represents a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’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 sale, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % 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 over the last 90 days. 46.70% of the stock is owned by insiders.

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).