Addison Capital Co Sells 1,275 Shares of Dell Technologies Inc. (NYSE:DELL)

Addison Capital Co decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,692 shares of the technology company’s stock after selling 1,275 shares during the period. Addison Capital Co’s holdings in Dell Technologies were worth $310,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after purchasing an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC increased its position in Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after buying an additional 2,641,456 shares during the period. Swedbank AB lifted its holdings in shares of Dell Technologies by 803.6% during the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after buying an additional 1,690,709 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Dell Technologies by 63.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock valued at $337,796,000 after acquiring an additional 1,139,318 shares during the period. Finally, Franklin Resources Inc. increased its position in Dell Technologies by 5,047.4% during the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock worth $131,170,000 after acquiring an additional 1,002,117 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 824,937 shares of company stock valued at $100,327,453. Insiders own 46.70% of the company’s stock.

Dell Technologies Trading Up 3.6 %

Dell Technologies stock opened at $95.76 on Monday. The company has a fifty day simple moving average of $107.79 and a 200 day simple moving average of $117.17. Dell Technologies Inc. has a 1-year low of $86.93 and a 1-year high of $179.70. The company has a market cap of $67.08 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is presently 33.76%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DELL shares. Barclays boosted their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Morgan Stanley lowered their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Bank of America decreased their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft cut their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Finally, Evercore ISI restated an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $141.24.

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).