Benjamin Edwards Inc. Decreases Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Benjamin Edwards Inc. lowered its position in Dell Technologies Inc. (NYSE:DELL) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,910 shares of the technology company’s stock after selling 540 shares during the period. Benjamin Edwards Inc.’s holdings in Dell Technologies were worth $335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DELL. Bellwether Advisors LLC purchased a new position in shares of Dell Technologies in the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies during the fourth quarter valued at $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at $28,000. Finally, Stonebridge Financial Group LLC purchased a new position in Dell Technologies in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, 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.

Analysts Set New Price Targets

DELL has been the subject of several research analyst reports. TD Cowen reduced their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, February 28th. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Evercore ISI cut their price objective on shares of Dell Technologies from $145.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. UBS Group decreased their target price 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. Finally, Barclays lifted their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.65.

Dell Technologies Stock Down 0.2 %

DELL opened at $96.02 on Friday. The company has a market cap of $67.01 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The company has a 50-day moving average price of $90.16 and a 200 day moving average price of $109.00.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders 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 a boost from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is presently 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).