LRI Investments LLC Has $506,000 Stake in Dell Technologies Inc. (NYSE:DELL)

LRI Investments LLC lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 272.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,390 shares of the technology company’s stock after buying an additional 3,211 shares during the quarter. LRI Investments LLC’s holdings in Dell Technologies were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Bellwether Advisors LLC acquired a new stake in Dell Technologies in the 4th quarter valued at $25,000. Vision Financial Markets LLC acquired a new stake in Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies in the 4th quarter valued at $26,000. Byrne Asset Management LLC acquired a new stake in Dell Technologies in the 4th quarter valued at $28,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Dell Technologies in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Price Performance

NYSE DELL opened at $96.02 on Monday. The stock has a market capitalization of $67.01 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The business’s fifty day moving average is $90.16 and its 200-day moving average is $108.92.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. 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. The ex-dividend date of this dividend was Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 33.76%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DELL. Barclays lifted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Evercore ISI dropped their price objective on Dell Technologies from $145.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price objective on Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, Morgan Stanley dropped their price objective on 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 analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.65.

Insider Transactions at Dell Technologies

In related news, 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 completion of the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 46.70% of the company’s stock.

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).