Lifeworks Advisors LLC Invests $2.29 Million in Dell Technologies Inc. (NYSE:DELL)

Lifeworks Advisors LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 19,850 shares of the technology company’s stock, valued at approximately $2,287,000.

A number of other hedge funds have also bought and sold shares of the company. Intellectus Partners LLC lifted its holdings in Dell Technologies by 139.0% during the 4th quarter. Intellectus Partners LLC now owns 8,006 shares of the technology company’s stock worth $923,000 after buying an additional 4,656 shares during the last quarter. Arjuna Capital bought a new position in Dell Technologies during the fourth quarter worth $404,000. PNC Financial Services Group Inc. boosted its holdings in Dell Technologies by 15.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 56,882 shares of the technology company’s stock worth $6,555,000 after purchasing an additional 7,811 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its stake in Dell Technologies by 13.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,852 shares of the technology company’s stock valued at $744,000 after purchasing an additional 674 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its holdings in shares of Dell Technologies by 5.5% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 2,359 shares of the technology company’s stock worth $272,000 after purchasing an additional 124 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DELL shares. Loop Capital lowered their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Wells Fargo & Company cut their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. 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, Mizuho reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued 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.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction that occurred on 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 transaction, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. The trade was a 28.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Wednesday, January 22nd. 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 of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 825,662 shares of company stock worth $100,414,453 over the last ninety days. Company insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 1.8 %

DELL stock opened at $91.37 on Friday. The firm’s 50-day moving average is $110.13 and its two-hundred day moving average is $117.72. The company has a market capitalization of $64.00 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. 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 yield of 2.30%. Dell Technologies’s payout ratio is presently 33.76%.

Dell Technologies 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).