Inceptionr LLC Trims Stake in Dell Technologies Inc. (NYSE:DELL)

Inceptionr LLC reduced its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 77.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,096 shares of the technology company’s stock after selling 7,063 shares during the period. Inceptionr LLC’s holdings in Dell Technologies were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DELL. Optimist Retirement Group LLC boosted its position in shares of Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after purchasing an additional 463 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Dell Technologies by 74.3% in the third quarter. Farther Finance Advisors LLC now owns 840 shares of the technology company’s stock worth $100,000 after purchasing an additional 358 shares during the period. Impax Asset Management Group plc boosted its position in shares of Dell Technologies by 56.3% in the third quarter. Impax Asset Management Group plc now owns 321,153 shares of the technology company’s stock worth $38,069,000 after purchasing an additional 115,630 shares during the period. Principal Financial Group Inc. boosted its position in shares of Dell Technologies by 59.3% in the third quarter. Principal Financial Group Inc. now owns 459,333 shares of the technology company’s stock worth $54,449,000 after purchasing an additional 170,984 shares during the period. Finally, Equitable Trust Co. boosted its position in shares of Dell Technologies by 3.1% in the third quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock worth $349,000 after purchasing an additional 88 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Down 1.2 %

Shares of DELL opened at $90.33 on Tuesday. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The company has a market cap of $63.27 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.10 and a beta of 0.83. The company’s fifty day simple moving average is $109.64 and its 200-day simple moving average is $117.68.

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 paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.32%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is currently 33.76%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DELL shares. Wells Fargo & Company dropped their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Loop Capital dropped their target price on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Barclays upped their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Finally, Evercore ISI restated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Three investment 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 has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’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 transaction, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 825,662 shares of company stock valued at $100,414,453. 46.70% of the stock is currently owned by company 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).