Gabelli Funds LLC Has $2.46 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Gabelli Funds LLC cut its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,300 shares of the technology company’s stock after selling 450 shares during the period. Gabelli Funds LLC’s holdings in Dell Technologies were worth $2,455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Optimist Retirement Group LLC increased its stake in Dell Technologies by 27.3% in the third 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 in the last quarter. Orion Portfolio Solutions LLC increased its position in shares of Dell Technologies by 24.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,319 shares of the technology company’s stock valued at $275,000 after buying an additional 449 shares in the last quarter. Virtu Financial LLC acquired a new stake in Dell Technologies during the 3rd quarter worth $894,000. Morse Asset Management Inc lifted its holdings in Dell Technologies by 180.1% during the third quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company’s stock worth $2,516,000 after acquiring an additional 13,646 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Dell Technologies in the third quarter worth about $198,000. Institutional investors own 76.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group cut their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Barclays upped their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Loop Capital dropped their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Bank of America reduced their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their price target on Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $136.41.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is owned by insiders.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $84.86 on Friday. The company has a 50-day simple moving average of $95.82 and a 200 day simple moving average of $112.25. The company has a market capitalization of $59.22 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 52-week low of $66.25 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. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s payout ratio is currently 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).