Cookson Peirce & Co. Inc. Takes $827,000 Position in Dell Technologies Inc. (NYSE:DELL)

Cookson Peirce & Co. Inc. acquired a new stake in Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,176 shares of the technology company’s stock, valued at approximately $827,000.

A number of other hedge funds have also modified their holdings of DELL. State Street Corp increased its holdings in shares of Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after purchasing an additional 6,131,507 shares during the period. Geode Capital Management LLC increased its holdings in shares of Dell Technologies by 71.8% in the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after purchasing an additional 2,641,456 shares during the period. Swedbank AB increased its holdings in shares of Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock valued at $219,084,000 after purchasing an additional 1,690,709 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Dell Technologies by 63.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock valued at $337,796,000 after purchasing an additional 1,139,318 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Dell Technologies by 5,047.4% in the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock worth $131,170,000 after buying an additional 1,002,117 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

NYSE DELL opened at $97.31 on Thursday. The company has a market cap of $68.16 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The stock’s 50 day simple moving average is $111.17 and its 200-day simple moving average is $118.04. Dell Technologies Inc. has a 1-year low of $86.93 and a 1-year high of $179.70.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Analyst Ratings Changes

DELL has been the topic of a number of recent research reports. Mizuho lowered their target price 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. The Goldman Sachs Group lowered their target price on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday. Loop Capital lowered their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, Barclays upped their target price on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.24.

Insider Activity at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was 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 of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the sale, the director now directly owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. This represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 929,407 shares of company stock valued at $113,411,626. 46.70% of the stock is currently owned by 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).