Magnetar Financial LLC Invests $5.27 Million in Dell Technologies Inc. (NYSE:DELL)

Magnetar Financial LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 45,750 shares of the technology company’s stock, valued at approximately $5,272,000.

Other hedge funds also recently made changes to their positions in the company. Smithfield Trust Co boosted its holdings in shares of Dell Technologies by 8.0% in the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after buying an additional 84 shares during the last quarter. Allen Capital Group LLC boosted its holdings in shares of Dell Technologies by 3.3% in the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock valued at $338,000 after buying an additional 95 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Dell Technologies by 18.7% in the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock valued at $70,000 after buying an additional 96 shares during the last quarter. Sunflower Bank N.A. boosted its holdings in shares of Dell Technologies by 3.1% in the 4th quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company’s stock valued at $375,000 after buying an additional 98 shares during the last quarter. Finally, Bogart Wealth LLC boosted its holdings in shares of Dell Technologies by 7.7% in the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock valued at $161,000 after buying an additional 100 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 824,937 shares of company stock valued at $100,327,453. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $98.73 on Thursday. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70. The stock has a market capitalization of $69.15 billion, a P/E ratio of 17.44, a PEG ratio of 1.10 and a beta of 0.83. The stock’s fifty day moving average is $106.34 and its 200 day moving average is $116.82.

Dell Technologies Increases Dividend

The firm also recently announced 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. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.13%. Dell Technologies’s payout ratio is presently 33.76%.

Analyst Upgrades and Downgrades

DELL has been the subject of several research reports. Wells Fargo & Company cut their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Barclays raised their price target on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Melius Research raised 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. Bank of America dropped their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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).