Easterly Investment Partners LLC Acquires 13,500 Shares of Dell Technologies Inc. (NYSE:DELL)

Easterly Investment Partners LLC increased its position in Dell Technologies Inc. (NYSE:DELL) by 150.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,500 shares of the technology company’s stock after purchasing an additional 13,500 shares during the quarter. Easterly Investment Partners LLC’s holdings in Dell Technologies were worth $2,593,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DELL. Vision Financial Markets LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies during the 4th quarter valued at about $26,000. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at $28,000. True Wealth Design LLC increased its stake in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Down 2.7 %

DELL stock opened at $96.20 on Thursday. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The firm has a market cap of $67.38 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The business has a 50 day moving average of $104.92 and a 200 day moving average of $116.44.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a $0.525 dividend. 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 annualized dividend and a yield of 2.18%. Dell Technologies’s dividend payout ratio is 33.76%.

Insider Buying and Selling at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Wednesday, January 22nd. The shares were 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 in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 824,937 shares of company stock worth $100,327,453. Insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. UBS Group lowered their price target on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Citigroup reduced 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 report on Friday, February 21st. Mizuho reduced their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Loop Capital reduced their price objective on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group decreased their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.24.

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).