Dell Technologies Inc. (NYSE:DELL) Holdings Boosted by Huntington National Bank

Huntington National Bank grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 49.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,344 shares of the technology company’s stock after purchasing an additional 447 shares during the quarter. Huntington National Bank’s holdings in Dell Technologies were worth $155,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DELL. Vision Financial Markets LLC bought a new stake in Dell Technologies in the fourth quarter valued at $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies in the 4th quarter valued at about $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the 4th quarter worth about $28,000. Versant Capital Management Inc increased its stake in shares of Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after purchasing an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $37,000. Institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction that occurred 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 825,863 shares of company stock valued at $100,413,839 in the last three months. 46.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on DELL shares. TD Cowen lowered their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Loop Capital cut their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Morgan Stanley lowered their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Bank of America reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Citigroup dropped their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Price Performance

Shares of DELL opened at $71.57 on Friday. The company has a 50-day moving average of $101.57 and a two-hundred day moving average of $115.30. The stock has a market cap of $49.94 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a one year low of $69.42 and a one year high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.93%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 33.76%.

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).