Townsquare Capital LLC Has $656,000 Position in Dell Technologies Inc. (NYSE:DELL)

Townsquare Capital LLC grew its position in Dell Technologies Inc. (NYSE:DELL) by 21.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,689 shares of the technology company’s stock after purchasing an additional 989 shares during the period. Townsquare Capital LLC’s holdings in Dell Technologies were worth $656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock worth $3,222,175,000 after buying an additional 2,662,407 shares during the period. Geode Capital Management LLC raised its position in shares of Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock worth $789,680,000 after purchasing an additional 552,213 shares during the period. Norges Bank bought a new position in shares of Dell Technologies during the 4th quarter valued at about $455,029,000. Bank of New York Mellon Corp increased its stake in Dell Technologies by 63.6% during the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock worth $337,796,000 after purchasing an additional 1,139,318 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Dell Technologies by 2.4% during the 4th quarter. Invesco Ltd. now owns 2,450,065 shares of the technology company’s stock worth $282,346,000 after buying an additional 57,681 shares during the period. 76.37% of the stock is owned by institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DELL shares. Barclays increased their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Bank of America cut their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. UBS Group decreased their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 28th. Wells Fargo & Company cut their target price 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, TD Cowen lowered their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $136.41.

Dell Technologies Stock Up 1.8 %

NYSE:DELL opened at $84.86 on Friday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70. The stock’s 50 day moving average price is $95.82 and its two-hundred day moving average price is $112.24. The firm has a market capitalization of $59.22 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.10 and a beta of 0.94.

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 2.47%. 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 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).