Dell Technologies Inc. (NYSE:DELL) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lessened its stake in Dell Technologies Inc. (NYSE:DELL) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,471 shares of the technology company’s stock after selling 4,005 shares during the quarter. Cerity Partners LLC’s holdings in Dell Technologies were worth $4,444,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DELL. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies during the 4th quarter worth $26,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies in the 4th quarter valued at about $26,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $28,000. Versant Capital Management Inc raised its position in shares of Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after buying an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in Dell Technologies in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DELL. UBS Group decreased their price target on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Bank of America decreased their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Citigroup dropped their price target on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group lowered 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. Finally, Wells Fargo & Company cut their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Price Performance

DELL stock opened at $81.96 on Friday. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70. The firm has a market capitalization of $57.19 billion, a P/E ratio of 14.48, a P/E/G ratio of 1.10 and a beta of 0.94. The business’s 50-day moving average is $98.16 and its two-hundred day moving average is $113.41.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors 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 dividend on an annualized basis and a yield of 2.56%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is currently 33.76%.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by company insiders.

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).