Steward Partners Investment Advisory LLC Boosts Stock Position in Dell Technologies Inc. (NYSE:DELL)

Steward Partners Investment Advisory LLC grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,376 shares of the technology company’s stock after buying an additional 210 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Dell Technologies were worth $2,233,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DELL. Optimist Retirement Group LLC lifted its position in shares of Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after buying an additional 463 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Dell Technologies by 74.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 840 shares of the technology company’s stock valued at $100,000 after purchasing an additional 358 shares during the period. Impax Asset Management Group plc raised its stake in Dell Technologies by 56.3% during the 3rd quarter. Impax Asset Management Group plc now owns 321,153 shares of the technology company’s stock valued at $38,069,000 after purchasing an additional 115,630 shares during the period. Graypoint LLC raised its stake in Dell Technologies by 4.3% during the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after purchasing an additional 86 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Dell Technologies by 59.3% during the 3rd quarter. Principal Financial Group Inc. now owns 459,333 shares of the technology company’s stock valued at $54,449,000 after purchasing an additional 170,984 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Shares of DELL stock opened at $91.37 on Friday. The stock’s 50-day simple moving average is $110.13 and its 200-day simple moving average is $117.77. The firm has a market capitalization of $64.00 billion, a PE ratio of 16.14, a P/E/G ratio of 1.10 and a beta of 0.83. 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. Stockholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.30%. Dell Technologies’s dividend payout ratio is currently 33.76%.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, the director now owns 810,657 shares in the company, valued at $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total value 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. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 825,662 shares of company stock worth $100,414,453 over the last quarter. 46.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DELL shares. Deutsche Bank Aktiengesellschaft decreased their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Citigroup decreased their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Melius Research lifted their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, Mizuho reduced their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.24.

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).