Dell Technologies Inc. (NYSE:DELL) Holdings Lowered by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lowered its stake in Dell Technologies Inc. (NYSE:DELL) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the technology company’s stock after selling 150 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Dell Technologies were worth $2,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of DELL. Allen Capital Group LLC boosted its position in shares of Dell Technologies by 3.3% in the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock worth $338,000 after buying an additional 95 shares during the period. Brooklyn Investment Group grew its stake in Dell Technologies by 18.7% during the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock valued at $70,000 after acquiring an additional 96 shares in the last quarter. Sunflower Bank N.A. increased its holdings in shares of Dell Technologies by 3.1% in the 4th quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company’s stock valued at $375,000 after purchasing an additional 98 shares during the period. Bogart Wealth LLC lifted its position in shares of Dell Technologies by 7.7% in the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock worth $161,000 after purchasing an additional 100 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its holdings in shares of Dell Technologies by 23.0% during the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock worth $62,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Price Performance

Dell Technologies stock opened at $92.35 on Friday. The firm has a market cap of $64.68 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 1.10 and a beta of 0.83. The firm has a fifty day moving average price of $104.31 and a two-hundred day moving average price of $116.28. 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. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.27%. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction 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 transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction on Wednesday, January 8th. The shares were 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 directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 824,937 shares of company stock valued at $100,327,453 in the last three months. Company insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DELL shares. Loop Capital cut their target price on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. The Goldman Sachs Group reduced their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. UBS Group dropped their target price on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. reduced their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Finally, Citigroup dropped their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.24.

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).