Cary Street Partners Financial LLC Purchases New Position in Dell Technologies Inc. (NYSE:DELL)

Cary Street Partners Financial LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,219 shares of the technology company’s stock, valued at approximately $486,000.

Several other institutional investors have also recently made changes to their positions in the company. Allen Capital Group LLC grew its position in Dell Technologies by 3.3% during the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock valued at $338,000 after buying an additional 95 shares during the period. Brooklyn Investment Group increased its stake in shares of Dell Technologies by 18.7% in the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock valued at $70,000 after purchasing an additional 96 shares in the last quarter. Sunflower Bank N.A. raised 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 worth $375,000 after purchasing an additional 98 shares during the period. Bogart Wealth LLC boosted its position in Dell Technologies by 7.7% during the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock worth $161,000 after purchasing an additional 100 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in Dell Technologies by 23.0% in the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock valued at $62,000 after purchasing an additional 100 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 46.70% of the stock is currently owned by insiders.

Dell Technologies Trading Down 0.2 %

Shares of DELL opened at $96.02 on Friday. The firm has a 50-day moving average price of $90.16 and a 200 day moving average price of $109.08. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70. The firm has a market capitalization of $67.01 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.19%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DELL. Evercore ISI decreased their target price on Dell Technologies from $145.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Bank of America decreased 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. UBS Group reduced their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Morgan Stanley lowered their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Finally, OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $134.65.

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).