Bearing Point Capital LLC Invests $6.40 Million in Dell Technologies Inc. (NYSE:DELL)

Bearing Point Capital LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 55,495 shares of the technology company’s stock, valued at approximately $6,395,000. Dell Technologies accounts for approximately 1.3% of Bearing Point Capital LLC’s holdings, making the stock its 25th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Dell Technologies in the third quarter worth approximately $198,000. Franklin Resources Inc. boosted its stake in shares of Dell Technologies by 5,047.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock valued at $131,170,000 after purchasing an additional 1,002,117 shares during the last quarter. Retirement Systems of Alabama acquired a new stake in shares of Dell Technologies during the third quarter worth $7,435,000. Principal Financial Group Inc. raised its stake in Dell Technologies by 59.3% during the third quarter. Principal Financial Group Inc. now owns 459,333 shares of the technology company’s stock worth $54,449,000 after buying an additional 170,984 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after acquiring an additional 111 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL stock opened at $94.57 on Friday. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70. The company has a 50-day simple moving average of $90.95 and a two-hundred day simple moving average of $110.01. The company has a market capitalization of $65.99 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Evercore ISI decreased their target price on Dell Technologies from $145.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. dropped their target price on shares of Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Citigroup reduced their price target on shares of Dell Technologies from $145.00 to $105.00 and set a “buy” rating for the company in a report on Monday, April 14th. Bank of America dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Barclays boosted their target price on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.65.

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).