NEOS Investment Management LLC Buys New Stake in Dell Technologies Inc. (NYSE:DELL)

NEOS Investment Management LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,317 shares of the technology company’s stock, valued at approximately $1,765,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allen Capital Group LLC raised its stake in Dell Technologies by 3.3% during the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock worth $338,000 after acquiring an additional 95 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Dell Technologies by 18.7% during the fourth quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock worth $70,000 after purchasing an additional 96 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in shares of Dell Technologies by 3.1% in the 4th quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company’s stock valued at $375,000 after purchasing an additional 98 shares during the last quarter. Bogart Wealth LLC grew its stake in Dell Technologies by 7.7% during the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock worth $161,000 after buying an additional 100 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its position in Dell Technologies by 23.0% during the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock worth $62,000 after buying an additional 100 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DELL shares. Loop Capital decreased their price objective on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Barclays raised their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. UBS Group reduced their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 28th. Bank of America dropped their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $141.24.

Dell Technologies Stock Down 4.9 %

Shares of NYSE DELL opened at $92.35 on Friday. The stock has a market capitalization of $64.68 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70. The firm has a 50-day moving average price of $104.31 and a 200 day moving average price of $116.21.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.27%. Dell Technologies’s payout ratio is 33.76%.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. The trade was a 28.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 824,937 shares of company stock worth $100,327,453 in the last quarter. Company insiders own 46.70% of the company’s stock.

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).