Cynosure Group LLC Sells 487 Shares of Dell Technologies Inc. (NYSE:DELL)

Cynosure Group LLC decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 15.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,693 shares of the technology company’s stock after selling 487 shares during the quarter. Cynosure Group LLC’s holdings in Dell Technologies were worth $310,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies during the 4th quarter valued at about $1,272,000. iA Global Asset Management Inc. raised its holdings in Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after buying an additional 5,203 shares during the period. Sky Investment Group LLC acquired a new position in shares of Dell Technologies in the fourth quarter valued at approximately $1,687,000. Enclave Advisors LLC bought a new stake in shares of Dell Technologies during the fourth quarter worth $848,000. Finally, Empowered Funds LLC raised its holdings in shares of Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after acquiring an additional 3,470 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL stock opened at $95.32 on Thursday. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70. The stock has a market cap of $66.77 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.10 and a beta of 0.83. The firm’s 50-day moving average is $103.15 and its 200-day moving average is $115.88.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is a positive change 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 2.20%. Dell Technologies’s dividend payout ratio is currently 33.76%.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the transaction, the director now 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. Insiders sold a total of 825,863 shares of company stock valued at $100,413,839 over the last three months. Insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

DELL has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. The Goldman Sachs Group reduced their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Loop Capital dropped their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Morgan Stanley cut their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.24.

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).