Snowden Capital Advisors LLC Has $1.27 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Snowden Capital Advisors LLC grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 16.0% during the 4th quarter, Holdings Channel reports. The firm owned 11,042 shares of the technology company’s stock after buying an additional 1,525 shares during the period. Snowden Capital Advisors LLC’s holdings in Dell Technologies were worth $1,272,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $28,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Performance

NYSE:DELL opened at $114.29 on Monday. The stock has a fifty day moving average price of $91.82 and a 200-day moving average price of $108.43. The company has a market cap of $79.75 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.84%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insider Activity

In related news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now owns 245,804 shares of the company’s stock, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of recent analyst reports. Raymond James boosted their target price on Dell Technologies from $139.00 to $144.00 and gave the stock an “outperform” rating in a report on Tuesday, May 13th. UBS Group decreased their target price on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Loop Capital decreased their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Barclays boosted their target price on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Finally, Citigroup upped their price objective on Dell Technologies from $105.00 to $128.00 and gave the company a “buy” rating in a report on Friday. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

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).