Renasant Bank Purchases 840 Shares of Dell Technologies Inc. (NYSE:DELL)

Renasant Bank boosted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,436 shares of the technology company’s stock after acquiring an additional 840 shares during the period. Renasant Bank’s holdings in Dell Technologies were worth $742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Optimist Retirement Group LLC lifted its holdings in shares of Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after purchasing an additional 463 shares during the last quarter. Impax Asset Management Group plc raised its stake in Dell Technologies by 56.3% in the third quarter. Impax Asset Management Group plc now owns 321,153 shares of the technology company’s stock valued at $38,069,000 after buying an additional 115,630 shares during the last quarter. Assetmark Inc. boosted its holdings in Dell Technologies by 300.8% in the third quarter. Assetmark Inc. now owns 477 shares of the technology company’s stock worth $57,000 after acquiring an additional 358 shares in the last quarter. Covestor Ltd grew its stake in shares of Dell Technologies by 290.7% during the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after acquiring an additional 218 shares during the last quarter. Finally, Sigma Planning Corp increased its holdings in shares of Dell Technologies by 13.7% during the third quarter. Sigma Planning Corp now owns 7,851 shares of the technology company’s stock valued at $931,000 after acquiring an additional 948 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

DELL opened at $92.28 on Friday. The company has a fifty day moving average of $108.27 and a two-hundred day moving average of $117.21. The stock has a market capitalization of $64.64 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued 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 dividend on an annualized basis and a yield of 2.28%. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 825,662 shares of company stock worth $100,414,453. 46.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Mizuho dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Bank of America dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Wells Fargo & Company dropped their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Finally, Evercore ISI restated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Three investment 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, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $141.24.

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).