Lindenwold Advisors INC Trims Holdings in Dell Technologies Inc. (NYSE:DELL)

Lindenwold Advisors INC decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 46.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,001 shares of the technology company’s stock after selling 4,373 shares during the period. Lindenwold Advisors INC’s holdings in Dell Technologies were worth $576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DELL. Generali Investments Management Co LLC bought a new position in shares of Dell Technologies during the 4th quarter worth $127,000. GM Advisory Group LLC boosted its position in Dell Technologies by 31.1% during the fourth quarter. GM Advisory Group LLC now owns 4,027 shares of the technology company’s stock valued at $464,000 after purchasing an additional 955 shares in the last quarter. Investment House LLC raised its stake in Dell Technologies by 12.7% in the fourth quarter. Investment House LLC now owns 129,551 shares of the technology company’s stock valued at $14,929,000 after buying an additional 14,623 shares during the last quarter. Xponance Inc. raised its stake in Dell Technologies by 11.3% in the fourth quarter. Xponance Inc. now owns 47,157 shares of the technology company’s stock valued at $5,434,000 after buying an additional 4,779 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in Dell Technologies by 4.5% in the fourth quarter. Intech Investment Management LLC now owns 19,282 shares of the technology company’s stock valued at $2,222,000 after buying an additional 824 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the 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 transaction, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 824,937 shares of company stock valued at $100,327,453 in the last quarter. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Down 1.3 %

Shares of NYSE:DELL opened at $96.42 on Wednesday. The business has a fifty day moving average of $106.75 and a two-hundred day moving average of $116.94. The stock has a market cap of $67.54 billion, a P/E ratio of 17.04, a PEG ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is 33.76%.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of research analyst reports. TD Cowen decreased their price target on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, February 28th. The Goldman Sachs Group reduced their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Evercore ISI restated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Melius Research boosted their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. reduced their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

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).