Farther Finance Advisors LLC Has $1.16 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

Farther Finance Advisors LLC raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 1,101.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,088 shares of the technology company’s stock after acquiring an additional 9,248 shares during the quarter. Farther Finance Advisors LLC’s holdings in Dell Technologies were worth $1,163,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its holdings in shares of Dell Technologies by 4.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 35,613 shares of the technology company’s stock valued at $4,104,000 after acquiring an additional 1,469 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Dell Technologies by 24.4% during the fourth quarter. HighTower Advisors LLC now owns 197,277 shares of the technology company’s stock valued at $22,734,000 after acquiring an additional 38,684 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Dell Technologies by 129.1% during the fourth quarter. Moors & Cabot Inc. now owns 10,946 shares of the technology company’s stock valued at $1,261,000 after acquiring an additional 6,169 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $19,706,000. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of Dell Technologies by 6.6% during the fourth quarter. Citizens Financial Group Inc. RI now owns 7,790 shares of the technology company’s stock valued at $898,000 after acquiring an additional 485 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on DELL. UBS Group decreased their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 28th. Loop Capital decreased their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Morgan Stanley decreased their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Wells Fargo & Company decreased their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, The Goldman Sachs Group decreased their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $92.28 on Friday. Dell Technologies Inc. has a one year low of $86.93 and a one year high of $179.70. The business’s fifty day moving average price is $108.27 and its 200-day moving average price is $117.21. The stock has a market capitalization of $64.64 billion, a PE ratio of 16.30, a P/E/G ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The company also recently declared 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is currently 33.76%.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 825,662 shares of company stock valued at $100,414,453 in the last 90 days. Insiders own 46.70% of the company’s stock.

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).