Creekmur Asset Management LLC Raises Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Creekmur Asset Management LLC lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 2,747.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,531 shares of the technology company’s stock after acquiring an additional 3,407 shares during the quarter. Creekmur Asset Management LLC’s holdings in Dell Technologies were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Optimist Retirement Group LLC lifted its holdings in shares of Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after buying an additional 463 shares during the period. Townsquare Capital LLC bought a new stake in shares of Dell Technologies during the 3rd quarter valued at about $557,000. Public Sector Pension Investment Board purchased a new stake in shares of Dell Technologies during the 3rd quarter valued at about $1,583,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Dell Technologies by 8.2% in the third quarter. Rockefeller Capital Management L.P. now owns 116,318 shares of the technology company’s stock worth $13,788,000 after buying an additional 8,772 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in Dell Technologies by 23.4% during the third quarter. Captrust Financial Advisors now owns 27,309 shares of the technology company’s stock valued at $3,237,000 after buying an additional 5,181 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DELL has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Bank of America dropped their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Morgan Stanley lowered their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Finally, UBS Group reduced their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

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 value of $40,489,794.84. Following the completion of the sale, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 825,863 shares of company stock valued at $100,413,839. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $91.85 on Wednesday. The business has a 50 day simple moving average of $103.54 and a two-hundred day simple moving average of $116.03. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The firm has a market capitalization of $64.34 billion, a PE ratio of 16.23, 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. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.29%. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

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).