Envestnet Portfolio Solutions Inc. Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

Envestnet Portfolio Solutions Inc. grew its stake in Dell Technologies Inc. (NYSE:DELL) by 93.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,765 shares of the technology company’s stock after buying an additional 8,113 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Dell Technologies were worth $1,932,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies in the fourth quarter worth $26,000. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies in the fourth quarter worth $28,000. True Wealth Design LLC increased its stake in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares during the period. Versant Capital Management Inc increased its stake in shares of Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after acquiring an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Dell Technologies in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Up 0.0 %

NYSE:DELL opened at $98.75 on Friday. The company’s 50-day moving average price is $105.93 and its 200-day moving average price is $116.69. The company has a market cap of $69.17 billion, a P/E ratio of 17.45, 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 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 is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now directly 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 filing with the SEC, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the transaction, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 824,937 shares of company stock valued at $100,327,453. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DELL. Citigroup cut their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. JPMorgan Chase & Co. cut their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Loop Capital dropped their price target on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

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).