Advisory Services Network LLC Purchases 4,382 Shares of Dell Technologies Inc. (NYSE:DELL)

Advisory Services Network LLC lifted its holdings in Dell Technologies Inc. (NYSE:DELL) by 22.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,585 shares of the technology company’s stock after purchasing an additional 4,382 shares during the quarter. Advisory Services Network LLC’s holdings in Dell Technologies were worth $2,718,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies during the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies during the fourth quarter valued at $28,000. Versant Capital Management Inc raised 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 acquiring an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Dell Technologies in the 4th quarter worth about $37,000. Institutional investors own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Loop Capital dropped 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. The Goldman Sachs Group reduced their target price on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Finally, Citigroup reduced their price target on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Stock Down 6.3 %

Dell Technologies stock opened at $78.89 on Friday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The business has a fifty day moving average of $98.56 and a two-hundred day moving average of $113.67. The firm has a market cap of $55.05 billion, a P/E ratio of 13.94, a P/E/G ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.66%. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is 33.76%.

Insiders Place Their Bets

In other news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This represents a 2.38 % 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 firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by corporate insiders.

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).