Mesirow Financial Investment Management Inc. Acquires 124 Shares of Dell Technologies Inc. (NYSE:DELL)

Mesirow Financial Investment Management Inc. lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,359 shares of the technology company’s stock after acquiring an additional 124 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Dell Technologies were worth $272,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DELL. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies during the fourth quarter worth about $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies in the 4th quarter worth about $28,000. True Wealth Design LLC grew its position in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares in the last quarter. Covestor Ltd grew its position in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent analyst reports. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Bank of America reduced their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Mizuho dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. JPMorgan Chase & Co. dropped 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. Finally, Barclays boosted their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the transaction, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This represents a 28.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 825,662 shares of company stock worth $100,414,453 in the last three months. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Price Performance

NYSE DELL opened at $91.37 on Monday. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The stock has a market capitalization of $64.00 billion, a PE ratio of 16.14, a P/E/G ratio of 1.10 and a beta of 0.83. The company’s 50 day simple moving average is $110.13 and its two-hundred day simple moving average is $117.81.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.30%. Dell Technologies’s dividend payout ratio is currently 33.76%.

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).