Horizon Investment Services LLC Sells 18,681 Shares of Dell Technologies Inc. (NYSE:DELL)

Horizon Investment Services LLC decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 50.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,509 shares of the technology company’s stock after selling 18,681 shares during the quarter. Horizon Investment Services LLC’s holdings in Dell Technologies were worth $2,133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DELL. Optimist Retirement Group LLC lifted its position in shares of Dell Technologies by 27.3% during the third 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 in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Dell Technologies by 529.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company’s stock worth $1,661,000 after buying an additional 11,783 shares in the last quarter. Quest Partners LLC boosted 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 worth $164,000 after buying an additional 201 shares during the last quarter. Cerity Partners LLC increased its position in shares of Dell Technologies by 159.2% during the third quarter. Cerity Partners LLC now owns 42,476 shares of the technology company’s stock valued at $5,035,000 after acquiring an additional 26,086 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Dell Technologies by 674.1% during the third quarter. The Manufacturers Life Insurance Company now owns 174,635 shares of the technology company’s stock worth $20,701,000 after acquiring an additional 152,076 shares during the period. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Down 4.9 %

Dell Technologies stock opened at $92.35 on Friday. The stock has a market cap of $64.68 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.10 and a beta of 0.83. The business has a 50-day simple moving average of $104.31 and a 200 day simple moving average of $116.21. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.27%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is 33.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group decreased their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Bank of America dropped 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 note on Tuesday, February 18th. Loop Capital decreased their price target on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, Citigroup reduced their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $141.24.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’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 transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock valued at $100,327,453 over the last three months. 46.70% of the stock is owned by corporate 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).