Choate Investment Advisors Acquires 742 Shares of Dell Technologies Inc. (NYSE:DELL)

Choate Investment Advisors lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 43.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,461 shares of the technology company’s stock after purchasing an additional 742 shares during the period. Choate Investment Advisors’ holdings in Dell Technologies were worth $284,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Optimist Retirement Group LLC increased its holdings in Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after acquiring an additional 463 shares during the last quarter. Assetmark Inc. increased its holdings in Dell Technologies by 300.8% in the 3rd quarter. Assetmark Inc. now owns 477 shares of the technology company’s stock worth $57,000 after acquiring an additional 358 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Dell Technologies in the 3rd quarter worth about $383,000. Victory Capital Management Inc. increased its holdings in Dell Technologies by 146.9% in the 3rd quarter. Victory Capital Management Inc. now owns 223,963 shares of the technology company’s stock worth $26,549,000 after acquiring an additional 133,255 shares during the last quarter. Finally, Huntington National Bank increased its holdings in Dell Technologies by 24.2% in the 3rd quarter. Huntington National Bank now owns 897 shares of the technology company’s stock worth $106,000 after acquiring an additional 175 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Price Performance

NYSE:DELL opened at $97.60 on Tuesday. The business has a 50 day moving average of $107.25 and a 200 day moving average of $117.08. The company has a market capitalization of $68.36 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 1-year low of $86.93 and a 1-year high of $179.70.

Dell Technologies Increases Dividend

The company also recently announced 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. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.15%. Dell Technologies’s payout ratio is presently 33.76%.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’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 value of $87,000.00. Following the completion of the sale, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. The trade was a 28.63 % 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 in the last quarter. 46.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DELL has been the subject of several recent research reports. Mizuho decreased their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Citigroup reduced their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 21st. Melius Research lifted their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. UBS Group reduced their target price on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Loop Capital reduced their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies 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).