Holderness Investments Co. Has $2.04 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Holderness Investments Co. reduced its position in shares of Dell Technologies Inc. (NYSE:DELL) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,689 shares of the technology company’s stock after selling 4,600 shares during the quarter. Holderness Investments Co.’s holdings in Dell Technologies were worth $2,038,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Optimist Retirement Group LLC lifted its holdings in shares of Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after purchasing an additional 463 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Dell Technologies by 18.4% in the third quarter. OneDigital Investment Advisors LLC now owns 3,998 shares of the technology company’s stock valued at $474,000 after purchasing an additional 622 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Dell Technologies by 910.1% in the third quarter. Mutual of America Capital Management LLC now owns 35,375 shares of the technology company’s stock valued at $4,193,000 after purchasing an additional 31,873 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Dell Technologies by 529.6% in the third quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company’s stock valued at $1,661,000 after purchasing an additional 11,783 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of Dell Technologies by 17.0% in the third quarter. Quest Partners LLC now owns 1,383 shares of the technology company’s stock valued at $164,000 after purchasing an additional 201 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the transaction, the director now directly owns 810,657 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Price Performance

NYSE:DELL opened at $98.75 on Friday. The company has a market capitalization of $69.17 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The business has a fifty day simple moving average of $105.93 and a two-hundred day simple moving average of $116.69.

Dell Technologies Increases Dividend

The business 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 $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.13%. Dell Technologies’s payout ratio is 33.76%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DELL. Wells Fargo & Company dropped their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Melius Research lifted their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group dropped their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Mizuho dropped their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Finally, Loop Capital dropped their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

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).