Dell Technologies Inc. (NYSE:DELL) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its position in Dell Technologies Inc. (NYSE:DELL) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 454,532 shares of the technology company’s stock after buying an additional 4,974 shares during the period. Stifel Financial Corp’s holdings in Dell Technologies were worth $52,381,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Optimist Retirement Group LLC boosted its stake in Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after buying an additional 463 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Dell Technologies in the third quarter worth approximately $894,000. Morse Asset Management Inc grew its holdings in Dell Technologies by 180.1% in the third quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company’s stock valued at $2,516,000 after purchasing an additional 13,646 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Dell Technologies during the third quarter worth approximately $198,000. Finally, Tidal Investments LLC boosted its holdings in shares of Dell Technologies by 49.0% in the 3rd quarter. Tidal Investments LLC now owns 147,383 shares of the technology company’s stock valued at $17,471,000 after purchasing an additional 48,436 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling

In related news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Up 2.1 %

Shares of NYSE DELL opened at $84.09 on Wednesday. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70. The business has a 50 day moving average price of $94.69 and a two-hundred day moving average price of $111.76. The firm has a market cap of $58.68 billion, a PE ratio of 14.86, 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. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. 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 2.50%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Analyst Ratings Changes

A number of analysts have recently commented on DELL shares. The Goldman Sachs Group dropped their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Citigroup cut their price objective on Dell Technologies from $145.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, April 14th. UBS Group dropped their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Morgan Stanley reduced their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $136.41.

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).