Baird Financial Group Inc. Raises Position in Dell Technologies Inc. (NYSE:DELL)

Baird Financial Group Inc. lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,628 shares of the technology company’s stock after acquiring an additional 881 shares during the quarter. Baird Financial Group Inc.’s holdings in Dell Technologies were worth $13,325,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Beverly Hills Private Wealth LLC boosted its stake in shares of Dell Technologies by 47.7% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 5,112 shares of the technology company’s stock valued at $589,000 after buying an additional 1,652 shares during the period. Bearing Point Capital LLC purchased a new position in Dell Technologies in the fourth quarter worth approximately $6,395,000. Ameriprise Financial Inc. grew its holdings in Dell Technologies by 224.4% during the 4th quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company’s stock worth $180,257,000 after acquiring an additional 1,082,087 shares in the last quarter. Alkeon Capital Management LLC increased its position in shares of Dell Technologies by 4.7% in the 4th quarter. Alkeon Capital Management LLC now owns 2,246,777 shares of the technology company’s stock valued at $258,919,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its position in shares of Dell Technologies by 43.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 5,348 shares of the technology company’s stock worth $616,000 after purchasing an additional 1,616 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Up 2.0 %

Shares of DELL opened at $95.79 on Thursday. The stock’s 50 day moving average is $90.11 and its two-hundred day moving average is $109.45. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The firm has a market capitalization of $66.85 billion, a PE ratio of 16.92, a P/E/G ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is currently 33.76%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DELL. Bank of America cut their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Morgan Stanley cut their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Barclays increased their target price 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. Finally, The Goldman Sachs Group reduced their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $134.65.

Insiders Place Their Bets

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 46.70% of the stock is currently owned by company 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).