Huntington National Bank Buys 447 Shares of Dell Technologies Inc. (NYSE:DELL)

Huntington National Bank lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 49.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,344 shares of the technology company’s stock after acquiring an additional 447 shares during the period. Huntington National Bank’s holdings in Dell Technologies were worth $155,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vision Financial Markets LLC acquired a new position in Dell Technologies during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new position in Dell Technologies in the 4th quarter worth $26,000. Byrne Asset Management LLC acquired a new position in Dell Technologies during the 4th quarter worth $28,000. Versant Capital Management Inc grew its position 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 valued at $36,000 after purchasing an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of Dell Technologies in the fourth quarter worth about $37,000. 76.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DELL has been the topic of several recent analyst reports. Citigroup dropped their price target on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. JPMorgan Chase & Co. decreased their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. The Goldman Sachs Group cut their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Morgan Stanley decreased their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, Bank of America cut their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $141.24.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction that occurred on 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 completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 825,863 shares of company stock worth $100,413,839. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Down 7.3 %

NYSE:DELL opened at $71.57 on Friday. The firm has a market cap of $49.94 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 12 month low of $69.42 and a 12 month high of $179.70. The company’s 50-day moving average price is $101.57 and its two-hundred day moving average price is $115.30.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is presently 33.76%.

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).