Dell Technologies Inc. (NYSE:DELL) Stake Lessened by Tradewinds LLC.

Tradewinds LLC. trimmed its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 25.0% during the fourth quarter, HoldingsChannel reports. The fund owned 6,681 shares of the technology company’s stock after selling 2,229 shares during the quarter. Tradewinds LLC.’s holdings in Dell Technologies were worth $741,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Burns J W & Co. Inc. NY bought a new position in Dell Technologies during the fourth quarter worth $1,272,000. iA Global Asset Management Inc. lifted its position in shares of Dell Technologies by 84.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after buying an additional 5,203 shares during the last quarter. Sky Investment Group LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $1,687,000. Enclave Advisors LLC bought a new stake in shares of Dell Technologies during the 4th quarter valued at about $848,000. Finally, Empowered Funds LLC raised its stake in 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 during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DELL. Citigroup decreased their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Morgan Stanley lowered their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Bank of America lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, TD Cowen reduced their target price on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Stock Down 1.2 %

Shares of NYSE:DELL opened at $91.15 on Tuesday. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70. The firm has a market capitalization of $63.85 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The firm has a fifty day moving average of $103.94 and a two-hundred day moving average of $116.19.

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 dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.30%. 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 (DPR) is presently 33.76%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on 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 transaction, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 824,937 shares of company stock worth $100,327,453 over the last ninety days. 46.70% of the stock is currently owned by insiders.

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).