Accredited Investors Inc. Invests $322,000 in Dell Technologies Inc. (NYSE:DELL)

Accredited Investors Inc. acquired a new stake in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, Holdings Channel.com reports. The firm acquired 2,796 shares of the technology company’s stock, valued at approximately $322,000.

A number of other institutional investors have also recently bought and sold shares of DELL. Burns J W & Co. Inc. NY acquired a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $1,272,000. Sky Investment Group LLC acquired a new stake in Dell Technologies in the fourth quarter worth $1,687,000. Enclave Advisors LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at $848,000. Empowered Funds LLC increased its position in shares of Dell Technologies by 12.9% in the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after buying an additional 3,470 shares in the last quarter. Finally, Retirement Systems of Alabama acquired a new position in Dell Technologies in the third quarter valued at about $7,435,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the topic of several recent analyst reports. Loop Capital cut their price objective on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. The Goldman Sachs Group lowered their target price on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, TD Cowen reduced their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $78.89 on Friday. The stock has a market cap of $55.05 billion, a P/E ratio of 13.94, a P/E/G ratio of 1.10 and a beta of 0.94. The company has a fifty day moving average price of $98.56 and a two-hundred day moving average price of $113.67. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.66%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s payout ratio is 33.76%.

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).