Independent Solutions Wealth Management LLC Trims Stock Position in Dell Technologies Inc. (NYSE:DELL)

Independent Solutions Wealth Management LLC lowered its position in shares of Dell Technologies Inc. (NYSE:DELL) by 8.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,792 shares of the technology company’s stock after selling 1,317 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Dell Technologies were worth $1,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Optimist Retirement Group LLC lifted its stake in shares of Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after purchasing an additional 463 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in Dell Technologies by 18.4% in the third quarter. OneDigital Investment Advisors LLC now owns 3,998 shares of the technology company’s stock valued at $474,000 after buying an additional 622 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Dell Technologies by 910.1% during the third quarter. Mutual of America Capital Management LLC now owns 35,375 shares of the technology company’s stock worth $4,193,000 after buying an additional 31,873 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Dell Technologies by 529.6% during the third quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company’s stock valued at $1,661,000 after acquiring an additional 11,783 shares during the last quarter. Finally, Quest Partners LLC raised its stake in shares of Dell Technologies by 17.0% in the 3rd quarter. Quest Partners LLC now owns 1,383 shares of the technology company’s stock valued at $164,000 after acquiring an additional 201 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Dell Technologies stock opened at $98.75 on Friday. The stock has a 50-day simple moving average of $105.93 and a 200-day simple moving average of $116.69. The company has a market capitalization of $69.17 billion, a P/E ratio of 17.45, a PEG 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 firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.13%. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DELL shares. Barclays increased their price target 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. JPMorgan Chase & Co. reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft decreased their price target 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. Mizuho cut their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Finally, UBS Group lowered their target price on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $141.24.

Insider Activity

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock valued at $100,327,453 in the last ninety days. 46.70% of the stock is currently owned by company insiders.

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).