Advent Capital Management DE Invests $2.88 Million in Dell Technologies Inc. (NYSE:DELL)

Advent Capital Management DE purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,000 shares of the technology company’s stock, valued at approximately $2,881,000.

Several other hedge funds have also recently bought and sold shares of DELL. Burns J W & Co. Inc. NY bought a new stake in shares of Dell Technologies in the fourth quarter valued at about $1,272,000. Sky Investment Group LLC acquired a new position in Dell Technologies during the fourth quarter worth $1,687,000. Enclave Advisors LLC bought a new position in Dell Technologies in the fourth quarter valued at $848,000. Empowered Funds LLC lifted its position in Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after buying an additional 3,470 shares in the last quarter. Finally, Retirement Systems of Alabama acquired a new position in shares of Dell Technologies during the 3rd quarter worth about $7,435,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is owned by insiders.

Dell Technologies Stock Up 0.4 %

NYSE DELL opened at $85.56 on Wednesday. The business’s fifty day moving average is $97.36 and its 200 day moving average is $112.88. The company has a market cap of $59.71 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70.

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 issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.45%. Dell Technologies’s payout ratio is presently 33.76%.

Analyst Upgrades and Downgrades

DELL has been the topic of several analyst reports. Citigroup reduced their price target on Dell Technologies from $145.00 to $105.00 and set a “buy” rating for the company in a research report on Monday. TD Cowen reduced their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Barclays raised their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Wells Fargo & Company lowered their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Finally, Morgan Stanley lowered their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $138.88.

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).