Dell Technologies Inc. (NYSE:DELL) Stock Holdings Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its position in Dell Technologies Inc. (NYSE:DELL) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,613 shares of the technology company’s stock after purchasing an additional 1,469 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Dell Technologies were worth $4,104,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DELL. Vision Financial Markets LLC bought a new stake in Dell Technologies in the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in Dell Technologies during the 4th quarter valued at about $28,000. True Wealth Design LLC increased its stake in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares during the period. Covestor Ltd increased its stake in Dell Technologies by 290.7% during the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after buying an additional 218 shares during the period. Finally, Versant Capital Management Inc increased its stake in 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. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Price Performance

Dell Technologies stock opened at $92.28 on Friday. The firm’s 50 day simple moving average is $108.27 and its 200-day simple moving average is $117.21. The company has a market cap of $64.64 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Wall Street Analysts Forecast Growth

DELL has been the topic of several research analyst reports. Evercore ISI reissued an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lowered their target price 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. UBS Group lowered their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Loop Capital lowered their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, TD Cowen lowered their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Three 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 price target of $141.24.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. 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 represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 825,662 shares of company stock worth $100,414,453. 46.70% of the stock is 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).