Atria Investments Inc Raises Stock Position in Dell Technologies Inc. (NYSE:DELL)

Atria Investments Inc raised its stake in Dell Technologies Inc. (NYSE:DELL) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,943 shares of the technology company’s stock after buying an additional 4,507 shares during the period. Atria Investments Inc’s holdings in Dell Technologies were worth $5,179,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DELL. Burns J W & Co. Inc. NY acquired a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $1,272,000. iA Global Asset Management Inc. boosted its position in 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 during the last quarter. Sky Investment Group LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at $1,687,000. Enclave Advisors LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at $848,000. Finally, Empowered Funds LLC grew its stake in shares of Dell Technologies by 12.9% during the 4th 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. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction dated 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 directly owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 825,662 shares of company stock valued at $100,414,453. Insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $93.00 on Friday. 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 $65.14 billion, a P/E ratio of 16.43, a P/E/G ratio of 1.10 and a beta of 0.90. The company’s fifty day moving average price is $110.65 and its two-hundred day moving average price is $117.86.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.26%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is presently 33.76%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Loop Capital lowered their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Morgan Stanley lowered their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Melius Research boosted their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Barclays boosted their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

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).