Accredited Investors Inc. Acquires New Position in Dell Technologies Inc. (NYSE:DELL)

Accredited Investors Inc. bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,796 shares of the technology company’s stock, valued at approximately $322,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Allen Capital Group LLC increased its holdings in Dell Technologies by 3.3% in the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock worth $338,000 after buying an additional 95 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Dell Technologies by 18.7% during the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock worth $70,000 after purchasing an additional 96 shares during the last quarter. Sunflower Bank N.A. raised its holdings in shares of Dell Technologies by 3.1% during the 4th quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company’s stock valued at $375,000 after purchasing an additional 98 shares in the last quarter. Bogart Wealth LLC boosted its holdings in Dell Technologies by 7.7% in the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock worth $161,000 after purchasing an additional 100 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in Dell Technologies by 23.0% during the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock worth $62,000 after buying an additional 100 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on DELL shares. The Goldman Sachs Group decreased their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Morgan Stanley decreased their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. UBS Group dropped their price target 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. 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 research report on Tuesday, March 4th. Finally, Citigroup dropped their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Insider Activity at Dell Technologies

In other 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 approximately $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 SEC, which is available through this link. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by insiders.

Dell Technologies Price Performance

Shares of DELL stock opened at $78.89 on Friday. The stock’s fifty day simple moving average is $98.56 and its 200 day simple moving average is $113.67. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The firm has a market cap of $55.05 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued 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 annualized dividend and a dividend yield of 2.66%. Dell Technologies’s dividend payout ratio is presently 33.76%.

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).