Sit Investment Associates Inc. Has $6.80 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

Sit Investment Associates Inc. boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 106.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,045 shares of the technology company’s stock after buying an additional 30,445 shares during the quarter. Sit Investment Associates Inc.’s holdings in Dell Technologies were worth $6,804,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Allen Capital Group LLC grew its stake in Dell Technologies by 3.3% in the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock valued at $338,000 after buying an additional 95 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Dell Technologies by 18.7% in 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 during the period. Sunflower Bank N.A. lifted its position in shares of Dell Technologies by 3.1% during the 4th quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company’s stock worth $375,000 after purchasing an additional 98 shares during the last quarter. Bogart Wealth LLC boosted 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 valued at $161,000 after purchasing an additional 100 shares during the period. Finally, Tortoise Investment Management LLC increased its position in Dell Technologies by 23.0% in the 4th 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 currently owned by institutional investors.

Dell Technologies Stock Performance

Shares of DELL opened at $71.57 on Friday. The company 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. The stock has a fifty day moving average price of $101.57 and a two-hundred day moving average price of $115.30. Dell Technologies Inc. has a 52-week low of $69.42 and a 52-week high of $179.70.

Dell Technologies Increases Dividend

The business 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 dividend of $0.525 per share. This is an increase 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 yield of 2.93%. Dell Technologies’s dividend payout ratio is 33.76%.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the transaction, the director now owns 810,657 shares in the company, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % 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 90 days. 46.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on DELL. UBS Group lowered their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Bank of America cut their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. The Goldman Sachs Group decreased their target price on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Loop Capital cut their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and sixteen have given 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.

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).