Gamco Investors INC. ET AL Sells 149 Shares of Dell Technologies Inc. (NYSE:DELL)

Gamco Investors INC. ET AL cut its holdings in Dell Technologies Inc. (NYSE:DELL) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,080 shares of the technology company’s stock after selling 149 shares during the period. Gamco Investors INC. ET AL’s holdings in Dell Technologies were worth $816,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DELL. Optimist Retirement Group LLC raised its holdings in Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after purchasing an additional 463 shares during the period. Orion Portfolio Solutions LLC increased its position in Dell Technologies by 24.0% in the third quarter. Orion Portfolio Solutions LLC now owns 2,319 shares of the technology company’s stock worth $275,000 after buying an additional 449 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Dell Technologies in the third quarter worth about $894,000. Morse Asset Management Inc lifted its position in shares of Dell Technologies by 180.1% during the 3rd quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company’s stock valued at $2,516,000 after buying an additional 13,646 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Dell Technologies during the 3rd quarter valued at approximately $198,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL opened at $84.86 on Friday. The stock has a market capitalization of $59.22 billion, a PE ratio of 14.99, a P/E/G ratio of 1.10 and a beta of 0.94. The company’s fifty day moving average is $95.82 and its 200 day moving average is $112.25. Dell Technologies Inc. has a fifty-two week low of $66.25 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. This represents a $2.10 annualized dividend and a dividend yield of 2.47%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is currently 33.76%.

Insider Activity at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DELL shares. Loop Capital lowered their price target on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. The Goldman Sachs Group lowered their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Wells Fargo & Company cut their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective on Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Barclays increased their target price on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.41.

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).