Waverly Advisors LLC Increases Stake in Dell Technologies Inc. (NYSE:DELL)

Waverly Advisors LLC increased its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 54.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,794 shares of the technology company's stock after acquiring an additional 2,732 shares during the quarter. Waverly Advisors LLC's holdings in Dell Technologies were worth $898,000 as of its most recent SEC filing.

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Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock valued at $3,502,000 after buying an additional 3,470 shares during the period. Bay Rivers Group purchased a new position in shares of Dell Technologies in the 4th quarter valued at $2,347,000. Newbridge Financial Services Group Inc. raised its position in shares of Dell Technologies by 163.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 16,566 shares of the technology company's stock worth $1,909,000 after acquiring an additional 10,281 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Dell Technologies by 3.2% during the 4th quarter. Jennison Associates LLC now owns 1,165,754 shares of the technology company's stock worth $134,341,000 after purchasing an additional 36,621 shares during the last quarter. Finally, Swedbank AB boosted its position in Dell Technologies by 803.6% during the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock valued at $219,084,000 after purchasing an additional 1,690,709 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DELL shares. Barclays raised their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Raymond James lifted their price target on shares of Dell Technologies from $139.00 to $144.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. UBS Group decreased their price objective on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a report on Friday, February 28th. Finally, Citigroup boosted their target price on Dell Technologies from $105.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.82.

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View Our Latest Stock Analysis on Dell Technologies

Dell Technologies Stock Performance

NYSE:DELL opened at $112.18 on Friday. The firm's fifty day moving average is $93.58 and its two-hundred day moving average is $108.10. The firm has a market cap of $78.28 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70.

Dell Technologies Increases Dividend

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The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were given a dividend of $0.525 per share. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 1.87%. The ex-dividend date was Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

Insiders Place Their Bets

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the firm's 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 sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This trade 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 is accessible through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.

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).

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