Jacobi Capital Management LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Jacobi Capital Management LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,958 shares of the technology company’s stock, valued at approximately $341,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DELL. Optimist Retirement Group LLC boosted its stake in shares of Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after purchasing an additional 463 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Dell Technologies by 41.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,698 shares of the technology company’s stock valued at $557,000 after purchasing an additional 1,379 shares in the last quarter. US Bancorp DE boosted its stake in shares of Dell Technologies by 11.7% in the 3rd quarter. US Bancorp DE now owns 29,730 shares of the technology company’s stock valued at $3,524,000 after purchasing an additional 3,116 shares in the last quarter. Stephens Inc. AR lifted its position in Dell Technologies by 89.4% during the 3rd quarter. Stephens Inc. AR now owns 10,286 shares of the technology company’s stock worth $1,219,000 after buying an additional 4,854 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its position in Dell Technologies by 99.4% during the 3rd quarter. Focus Financial Network Inc. now owns 4,044 shares of the technology company’s stock worth $479,000 after buying an additional 2,016 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was 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 directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The transaction 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 the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, 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. Insiders sold a total of 929,407 shares of company stock valued at $113,411,626 in the last ninety days. 46.70% of the stock is owned by insiders.

Dell Technologies Price Performance

Shares of DELL stock opened at $102.85 on Monday. The stock has a market cap of $72.04 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The stock has a 50-day moving average of $112.57 and a 200-day moving average of $118.41. Dell Technologies Inc. has a one year low of $86.93 and a one year high of $179.70.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.04%. Dell Technologies’s dividend payout ratio is 33.76%.

Analyst Ratings Changes

Several brokerages recently issued reports on DELL. Evercore ISI reiterated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Wells Fargo & Company reduced their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday. Melius Research upped their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. reduced their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Finally, OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $143.53.

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).