Ashton Thomas Securities LLC Grows Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Ashton Thomas Securities LLC grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 2,603.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,568 shares of the technology company’s stock after acquiring an additional 3,436 shares during the period. Ashton Thomas Securities LLC’s holdings in Dell Technologies were worth $411,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DELL. Princeton Capital Management LLC grew its stake in Dell Technologies by 18.0% in the 4th quarter. Princeton Capital Management LLC now owns 21,352 shares of the technology company’s stock valued at $2,461,000 after acquiring an additional 3,253 shares during the last quarter. Zevenbergen Capital Investments LLC lifted its holdings in shares of Dell Technologies by 5.7% in the fourth quarter. Zevenbergen Capital Investments LLC now owns 158,480 shares of the technology company’s stock valued at $18,263,000 after purchasing an additional 8,480 shares in the last quarter. Woodmont Investment Counsel LLC grew its position in shares of Dell Technologies by 24.0% in the fourth quarter. Woodmont Investment Counsel LLC now owns 60,465 shares of the technology company’s stock valued at $6,968,000 after purchasing an additional 11,709 shares during the last quarter. Corebridge Financial Inc. raised its position in shares of Dell Technologies by 36.9% during the 4th quarter. Corebridge Financial Inc. now owns 96,223 shares of the technology company’s stock worth $11,089,000 after purchasing an additional 25,949 shares during the last quarter. Finally, Congress Wealth Management LLC DE lifted its stake in Dell Technologies by 4,026.8% in the 4th quarter. Congress Wealth Management LLC DE now owns 204,275 shares of the technology company’s stock valued at $23,541,000 after buying an additional 199,325 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s 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 transaction, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on 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 directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 824,937 shares of company stock worth $100,327,453. Company insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DELL shares. UBS Group cut their price target on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 28th. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. 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 report on Friday, February 28th. Morgan Stanley decreased their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group cut their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $98.72 on Wednesday. The business has a 50-day moving average of $105.17 and a two-hundred day moving average of $116.59. The firm has a market capitalization of $69.15 billion, a PE ratio of 17.44, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 12 month low of $86.93 and a 12 month high of $179.70.

Dell Technologies Increases Dividend

The firm 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 dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is 33.76%.

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).