Townsquare Capital LLC Buys 989 Shares of Dell Technologies Inc. (NYSE:DELL)

Townsquare Capital LLC lifted its position in Dell Technologies Inc. (NYSE:DELL) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,689 shares of the technology company’s stock after buying an additional 989 shares during the quarter. Townsquare Capital LLC’s holdings in Dell Technologies were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock worth $789,680,000 after buying an additional 552,213 shares during the last quarter. Norges Bank bought a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $455,029,000. Bank of New York Mellon Corp increased its position in Dell Technologies by 63.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock worth $337,796,000 after acquiring an additional 1,139,318 shares during the period. Finally, Invesco Ltd. boosted its holdings in Dell Technologies by 2.4% in the 4th quarter. Invesco Ltd. now owns 2,450,065 shares of the technology company’s stock valued at $282,346,000 after purchasing an additional 57,681 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Up 1.8 %

Shares of NYSE DELL opened at $84.86 on Friday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70. The firm’s 50-day simple moving average is $95.82 and its 200 day simple moving average is $112.24. The company has a market cap of $59.22 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.47%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DELL. JPMorgan Chase & Co. cut their price objective on shares of Dell Technologies from $150.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday. TD Cowen decreased their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Citigroup reduced their target price on Dell Technologies from $145.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Loop Capital dropped their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, Bank of America decreased their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.41.

Insider Buying and Selling

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The shares were 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 owns 37,948 shares in the company, valued at $3,540,168.92. The trade was 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, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by corporate 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).