Moors & Cabot Inc. Has $1.26 Million Stake in Dell Technologies Inc. (NYSE:DELL)

Moors & Cabot Inc. lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 129.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,946 shares of the technology company’s stock after purchasing an additional 6,169 shares during the quarter. Moors & Cabot Inc.’s holdings in Dell Technologies were worth $1,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Burns J W & Co. Inc. NY bought a new stake in shares of Dell Technologies in the fourth quarter valued at about $1,272,000. iA Global Asset Management Inc. boosted its position in Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after acquiring an additional 5,203 shares during the last quarter. Sky Investment Group LLC bought a new position in shares of Dell Technologies during the 4th quarter worth approximately $1,687,000. Enclave Advisors LLC acquired a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $848,000. Finally, Empowered Funds LLC boosted its holdings in Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after purchasing an additional 3,470 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Melius Research boosted their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Mizuho dropped their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Morgan Stanley decreased their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group decreased their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. The trade was a 28.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 825,662 shares of company stock worth $100,414,453 in the last ninety days. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Down 2.4 %

Dell Technologies stock opened at $92.28 on Friday. The company’s 50-day moving average price is $108.27 and its two-hundred day moving average price is $117.21. The stock has a market cap of $64.64 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) 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).