Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Ethic Inc.

Ethic Inc. lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 70.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,783 shares of the technology company’s stock after acquiring an additional 19,386 shares during the period. Ethic Inc.’s holdings in Dell Technologies were worth $5,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bellwether Advisors LLC bought a new position in Dell Technologies during the 4th quarter valued at $25,000. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies in the fourth quarter valued at $26,000. Lee Danner & Bass Inc. bought a new position in Dell Technologies during the fourth quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in Dell Technologies during the fourth quarter worth about $28,000. Finally, Stonebridge Financial Group LLC bought a new stake in Dell Technologies in the fourth quarter worth about $37,000. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Price Performance

NYSE DELL opened at $96.02 on Friday. The firm has a market capitalization of $67.01 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The company has a 50 day simple moving average of $90.16 and a 200-day simple moving average of $109.08. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.19%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DELL shares. Evercore ISI reduced their price objective on shares of Dell Technologies from $145.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Citigroup decreased their price target on shares of Dell Technologies from $145.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. UBS Group cut their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 28th. TD Cowen decreased their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Finally, Bank of America reduced their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $134.65.

Insider Transactions at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 46.70% of the stock is currently owned by company insiders.

About Dell Technologies

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).