Dana Investment Advisors Inc. Sells 3,585 Shares of Dell Technologies Inc. (NYSE:DELL)

Dana Investment Advisors Inc. lowered its position in Dell Technologies Inc. (NYSE:DELL) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 232,023 shares of the technology company’s stock after selling 3,585 shares during the period. Dell Technologies comprises approximately 0.9% of Dana Investment Advisors Inc.’s holdings, making the stock its 17th largest position. Dana Investment Advisors Inc.’s holdings in Dell Technologies were worth $26,738,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vision Financial Markets LLC bought a new position in Dell Technologies in the 4th quarter worth $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the 4th quarter worth $28,000. True Wealth Design LLC boosted its holdings in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares during the period. Covestor Ltd boosted its holdings in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after buying an additional 218 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after buying an additional 111 shares during the period. Institutional investors own 76.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on DELL. JPMorgan Chase & Co. dropped their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. The Goldman Sachs Group dropped their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday. Citigroup dropped their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 21st. 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 report on Tuesday. Finally, TD Cowen dropped their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $141.24.

Insider Buying and Selling

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

Dell Technologies Price Performance

Dell Technologies stock opened at $97.31 on Thursday. Dell Technologies Inc. has a 1-year low of $86.93 and a 1-year high of $179.70. The firm has a market capitalization of $68.16 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The company’s 50-day moving average is $111.17 and its 200 day moving average is $118.04.

Dell Technologies Increases Dividend

The company also recently disclosed 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 is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is 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).