Bridgefront Capital LLC Acquires Shares of 4,626 Dell Technologies Inc. (NYSE:DELL)

Bridgefront Capital LLC bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, Holdings Channel.com reports. The fund bought 4,626 shares of the technology company’s stock, valued at approximately $533,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bulltick Wealth Management LLC grew its holdings in shares of Dell Technologies by 52.6% during the 4th quarter. Bulltick Wealth Management LLC now owns 41,298 shares of the technology company’s stock worth $4,759,000 after acquiring an additional 14,238 shares during the period. Captrust Financial Advisors grew its stake in Dell Technologies by 5.8% in the fourth quarter. Captrust Financial Advisors now owns 28,906 shares of the technology company’s stock worth $3,331,000 after purchasing an additional 1,597 shares during the period. Cary Street Partners Financial LLC purchased a new position in Dell Technologies during the 4th quarter valued at about $486,000. Baird Financial Group Inc. boosted its stake in Dell Technologies by 0.8% during the fourth quarter. Baird Financial Group Inc. now owns 115,628 shares of the technology company’s stock worth $13,325,000 after acquiring an additional 881 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC grew its holdings in Dell Technologies by 47.7% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 5,112 shares of the technology company’s stock worth $589,000 after purchasing an additional 1,652 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Down 0.2 %

DELL opened at $94.36 on Tuesday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $179.70. The firm’s 50 day simple moving average is $90.52 and its two-hundred day simple moving average is $109.65. The company has a market capitalization of $65.85 billion, a PE ratio of 16.67, a PEG ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were given a dividend of $0.525 per share. The ex-dividend date was Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.23%. Dell Technologies’s payout ratio is 33.76%.

Wall Street Analyst Weigh In

DELL has been the topic of a number of analyst reports. Bank of America dropped their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Evercore ISI cut their target price on Dell Technologies from $145.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Barclays upped their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Morgan Stanley reduced their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their price target on shares of Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.65.

Insiders Place Their Bets

In other news, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 46.70% of the company’s stock.

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).