Commonwealth Equity Services LLC Has $17.30 Million Position in Dell Technologies Inc. (NYSE:DELL)

Commonwealth Equity Services LLC boosted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 3.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,109 shares of the technology company’s stock after purchasing an additional 5,117 shares during the period. Commonwealth Equity Services LLC’s holdings in Dell Technologies were worth $17,299,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies during the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies during the 4th quarter worth about $28,000. True Wealth Design LLC boosted its stake in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after buying an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in Dell Technologies in the fourth quarter valued at approximately $37,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $97.60 on Tuesday. The firm has a market cap of $68.36 billion, a PE ratio of 17.24, a P/E/G ratio of 1.10 and a beta of 0.83. The business’s 50 day simple moving average is $107.25 and its 200 day simple moving average is $117.08. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70.

Dell Technologies Increases Dividend

The firm 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 2.15%. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 824,937 shares of company stock valued at $100,327,453. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DELL. Evercore ISI reiterated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. The Goldman Sachs Group dropped their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Mizuho cut their price target 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. Finally, TD Cowen decreased their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

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).