Chung Wu Investment Group LLC Invests $295,000 in Dell Technologies Inc. (NYSE:DELL)

Chung Wu Investment Group LLC acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,560 shares of the technology company’s stock, valued at approximately $295,000.

Other institutional investors also recently bought and sold shares of the company. Vision Financial Markets LLC purchased a new position in Dell Technologies in the fourth quarter valued at $26,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $28,000. True Wealth Design LLC boosted its holdings in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares in the last quarter. Covestor Ltd boosted its stake in Dell Technologies by 290.7% during the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after purchasing an additional 111 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Mizuho reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. JPMorgan Chase & Co. reduced their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Melius Research increased their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Barclays raised their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the stock 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Stock Up 3.4 %

Shares of DELL opened at $97.31 on Thursday. The firm has a market cap of $68.16 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The company’s fifty day moving average is $111.17 and its two-hundred day moving average is $118.04. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.16%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is currently 33.76%.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the sale, the director now owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 929,407 shares of company stock valued at $113,411,626. 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).