HBK Sorce Advisory LLC Purchases 118 Shares of Dell Technologies Inc. (NYSE:DELL)

HBK Sorce Advisory LLC boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 6.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,999 shares of the technology company’s stock after buying an additional 118 shares during the period. HBK Sorce Advisory LLC’s holdings in Dell Technologies were worth $230,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. State Street Corp raised its holdings in Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after buying an additional 6,131,507 shares during the period. Geode Capital Management LLC raised its holdings in Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after buying an additional 2,641,456 shares during the period. Bank of New York Mellon Corp raised its holdings in Dell Technologies by 63.6% during the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock worth $337,796,000 after buying an additional 1,139,318 shares during the period. Alkeon Capital Management LLC raised its holdings in Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after buying an additional 699,204 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Dell Technologies by 12.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,938,713 shares of the technology company’s stock worth $223,417,000 after buying an additional 213,240 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 825,662 shares of company stock valued at $100,414,453. 46.70% of the stock is owned by company insiders.

Dell Technologies Price Performance

DELL stock opened at $95.76 on Friday. The company has a fifty day moving average price of $107.79 and a two-hundred day moving average price of $117.13. Dell Technologies Inc. has a one year low of $86.93 and a one year high of $179.70. The stock has a market cap of $67.08 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

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 $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.19%. 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 payout ratio is presently 33.76%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DELL. UBS Group lowered their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Loop Capital lowered their price objective 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 price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Barclays lifted their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, Bank of America lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

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).