Dell Technologies Inc. (NYSE:DELL) Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC reduced its position in Dell Technologies Inc. (NYSE:DELL) by 62.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,200 shares of the technology company’s stock after selling 345,500 shares during the period. Ceredex Value Advisors LLC’s holdings in Dell Technologies were worth $23,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in DELL. Optimist Retirement Group LLC raised its stake in shares of Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after buying an additional 463 shares during the period. Orion Portfolio Solutions LLC increased its holdings in Dell Technologies by 24.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,319 shares of the technology company’s stock worth $275,000 after acquiring an additional 449 shares in the last quarter. Virtu Financial LLC acquired a new position in Dell Technologies during the third quarter worth $894,000. Morse Asset Management Inc lifted its holdings in Dell Technologies by 180.1% during the third quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company’s stock valued at $2,516,000 after purchasing an additional 13,646 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Dell Technologies in the third quarter valued at about $198,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 0.4 %

NYSE DELL opened at $85.56 on Wednesday. The stock has a fifty day simple moving average of $97.36 and a 200-day simple moving average of $112.88. The stock has a market cap of $59.71 billion, a PE ratio of 15.12, a P/E/G 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 declared 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. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.45%. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Insider Activity

In other news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DELL shares. Morgan Stanley decreased 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 note on Thursday, February 13th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Citigroup dropped 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. JPMorgan Chase & Co. decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group dropped their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $138.88.

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).