J.Safra Asset Management Corp Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

J.Safra Asset Management Corp increased its holdings in Dell Technologies Inc. (NYSE:DELL) by 230.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,018 shares of the technology company’s stock after buying an additional 1,408 shares during the quarter. J.Safra Asset Management Corp’s holdings in Dell Technologies were worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cookson Peirce & Co. Inc. purchased a new position in shares of Dell Technologies in the fourth quarter worth approximately $827,000. Laffer Tengler Investments Inc. boosted its holdings in shares of Dell Technologies by 5.6% in the fourth quarter. Laffer Tengler Investments Inc. now owns 55,782 shares of the technology company’s stock worth $6,428,000 after buying an additional 2,976 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of Dell Technologies by 72.5% in the fourth quarter. Keybank National Association OH now owns 5,114 shares of the technology company’s stock worth $589,000 after buying an additional 2,150 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in shares of Dell Technologies in the fourth quarter worth approximately $185,000. Finally, AMJ Financial Wealth Management purchased a new position in Dell Technologies during the fourth quarter valued at approximately $2,297,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 929,407 shares of company stock worth $113,411,626. Insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Bank of America lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Mizuho lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Morgan Stanley lowered their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Finally, Barclays lifted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Stock Performance

Shares of DELL opened at $94.21 on Wednesday. The company’s fifty day moving average is $111.61 and its 200 day moving average is $118.18. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70. The stock has a market capitalization of $65.99 billion, a PE ratio of 16.64, a P/E/G ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.23%. 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 payout ratio is currently 33.76%.

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).