Nitorum Capital L.P. Raises Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Nitorum Capital L.P. increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 210,020 shares of the technology company’s stock after purchasing an additional 10,451 shares during the period. Dell Technologies accounts for 2.8% of Nitorum Capital L.P.’s investment portfolio, making the stock its 15th largest holding. Nitorum Capital L.P.’s holdings in Dell Technologies were worth $24,203,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DELL. Coldstream Capital Management Inc. grew its stake in Dell Technologies by 16.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,805 shares of the technology company’s stock valued at $323,000 after acquiring an additional 401 shares in the last quarter. Voya Financial Advisors Inc. raised its position in Dell Technologies by 11.5% in the fourth quarter. Voya Financial Advisors Inc. now owns 5,965 shares of the technology company’s stock valued at $685,000 after purchasing an additional 617 shares during the period. Two Sigma Securities LLC lifted its position in Dell Technologies by 106.6% in the fourth quarter. Two Sigma Securities LLC now owns 2,412 shares of the technology company’s stock valued at $278,000 after buying an additional 38,848 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Dell Technologies by 11.1% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 19,212 shares of the technology company’s stock worth $2,214,000 after purchasing an additional 1,920 shares during the period. Finally, Van Den Berg Management I Inc. acquired a new stake in shares of Dell Technologies in the fourth quarter valued at $4,011,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Up 0.6 %

Dell Technologies stock opened at $95.01 on Friday. The firm’s 50-day simple moving average is $93.29 and its 200 day simple moving average is $111.25. The firm has a market capitalization of $66.30 billion, a PE ratio of 16.79, a P/E/G ratio of 1.10 and a beta of 0.94. 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 will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.21%. 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. Dell Technologies’s dividend payout ratio is 33.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DELL shares. Citigroup cut their target price on shares of Dell Technologies from $145.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Bank of America lowered their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price objective on Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Finally, TD Cowen decreased their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.41.

Insider Buying and Selling

In related news, 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Company 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).