Forum Financial Management LP Buys 224 Shares of Dell Technologies Inc. (NYSE:DELL)

Forum Financial Management LP lifted its position in Dell Technologies Inc. (NYSE:DELL) by 9.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,477 shares of the technology company’s stock after purchasing an additional 224 shares during the quarter. Forum Financial Management LP’s holdings in Dell Technologies were worth $285,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Allen Capital Group LLC grew its position in shares of Dell Technologies by 3.3% during the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock worth $338,000 after purchasing an additional 95 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Dell Technologies by 18.7% in the fourth quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock worth $70,000 after buying an additional 96 shares in the last quarter. Sunflower Bank N.A. increased its holdings in Dell Technologies by 3.1% in the 4th quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company’s stock valued at $375,000 after acquiring an additional 98 shares during the last quarter. Bogart Wealth LLC boosted its holdings in shares of Dell Technologies by 7.7% during the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock valued at $161,000 after purchasing an additional 100 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its position in shares of Dell Technologies by 23.0% in the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock worth $62,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following 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 represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Down 2.7 %

Dell Technologies stock opened at $82.52 on Tuesday. The firm has a market cap of $57.59 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The business has a fifty day moving average of $95.22 and a two-hundred day moving average of $111.95.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Analyst Ratings Changes

DELL has been the topic of several recent research reports. Bank of America decreased their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group lowered their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Barclays lifted 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 note on Friday, February 28th. Finally, Wells Fargo & Company dropped their price target 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. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.41.

About Dell Technologies

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).