Sowell Financial Services LLC Takes $1.47 Million Position in Dell Technologies Inc. (NYSE:DELL)

Sowell Financial Services LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,759 shares of the technology company’s stock, valued at approximately $1,470,000.

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

Dell Technologies Trading Down 1.2 %

DELL stock opened at $90.33 on Tuesday. The company has a market cap of $63.27 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.10 and a beta of 0.83. The firm has a 50-day moving average of $109.64 and a two-hundred day moving average of $117.68. Dell Technologies Inc. has a 12 month low of $86.93 and a 12 month high of $179.70.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. 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 2.32%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is 33.76%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Loop Capital reduced their price objective on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Wells Fargo & Company decreased their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Melius Research increased their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Mizuho dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $141.24.

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction 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 owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 825,662 shares of company stock worth $100,414,453 in the last three months. 46.70% of the stock is owned by corporate insiders.

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).