EP Wealth Advisors LLC Purchases 952 Shares of Dell Technologies Inc. (NYSE:DELL)

EP Wealth Advisors LLC increased its holdings in Dell Technologies Inc. (NYSE:DELL) by 17.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,528 shares of the technology company’s stock after buying an additional 952 shares during the period. EP Wealth Advisors LLC’s holdings in Dell Technologies were worth $752,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DELL. Norges Bank bought a new stake in shares of Dell Technologies during the 4th quarter valued at about $455,029,000. Vanguard Group Inc. lifted its position in Dell Technologies by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the last quarter. Swedbank AB grew its stake in Dell Technologies by 803.6% in the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after buying an additional 1,690,709 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Dell Technologies by 63.6% in 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 buying an additional 1,139,318 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Dell Technologies by 224.4% during the 4th quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company’s stock valued at $180,257,000 after buying an additional 1,082,087 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL stock opened at $96.02 on Friday. The firm has a market cap 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. The business’s 50 day moving average price is $90.16 and its 200-day moving average price is $109.00. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were issued a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.19%. Dell Technologies’s dividend payout ratio is 33.76%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup reduced their target price on Dell Technologies from $145.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. UBS Group reduced their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. TD Cowen decreased their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Barclays upped their target price on 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, Morgan Stanley decreased their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.65.

Insider Transactions at Dell Technologies

In other news, 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 value of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $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 available through this hyperlink. Corporate insiders own 46.70% of the company’s stock.

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).