Jones Financial Companies Lllp Buys 5,040 Shares of Dell Technologies Inc. (NYSE:DELL)

Jones Financial Companies Lllp raised its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 79.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,384 shares of the technology company’s stock after purchasing an additional 5,040 shares during the quarter. Jones Financial Companies Lllp’s holdings in Dell Technologies were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Burns J W & Co. Inc. NY bought a new stake in Dell Technologies during the fourth quarter valued at approximately $1,272,000. iA Global Asset Management Inc. raised its stake in shares of Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after acquiring an additional 5,203 shares in the last quarter. Sky Investment Group LLC purchased a new position in shares of Dell Technologies during the fourth quarter worth approximately $1,687,000. Enclave Advisors LLC purchased a new position in shares of Dell Technologies during the fourth quarter worth approximately $848,000. Finally, Empowered Funds LLC raised its stake in shares of Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after acquiring an additional 3,470 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup decreased 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. Barclays lifted their price target 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. Mizuho decreased their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Bank of America decreased their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley decreased their target price 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. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the sale, the director now owns 810,657 shares in the company, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was 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 owns 23,680 shares in the company, 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. In the last 90 days, insiders have sold 825,662 shares of company stock worth $100,414,453. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Down 1.8 %

NYSE:DELL opened at $91.37 on Friday. The stock has a market cap of $64.00 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The firm’s fifty day simple moving average is $110.13 and its 200 day simple moving average is $117.72. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.30%. 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. Dell Technologies’s payout ratio is 33.76%.

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).