Dell Technologies Inc. (NYSE:DELL) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its position in Dell Technologies Inc. (NYSE:DELL) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,829 shares of the technology company’s stock after selling 3,665 shares during the quarter. Cetera Investment Advisers’ holdings in Dell Technologies were worth $23,720,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Cercano Management LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $35,403,000. Brevan Howard Capital Management LP purchased a new position in Dell Technologies during the fourth quarter worth about $576,000. Blue Capital Inc. acquired a new stake in shares of Dell Technologies during the fourth quarter valued at about $603,000. Bridgefront Capital LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $533,000. Finally, Bulltick Wealth Management LLC boosted its position in shares of Dell Technologies by 52.6% during the 4th quarter. Bulltick Wealth Management LLC now owns 41,298 shares of the technology company’s stock worth $4,759,000 after purchasing an additional 14,238 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated 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 owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 46.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. The Goldman Sachs Group decreased their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. UBS Group lowered 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. JPMorgan Chase & Co. reduced their price target on shares of Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Loop Capital dropped their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $134.65.

Dell Technologies Stock Performance

Dell Technologies stock opened at $96.23 on Friday. The stock has a 50-day simple moving average of $90.12 and a 200-day simple moving average of $109.24. The company has a market capitalization of $67.15 billion, a P/E ratio of 17.00, a PEG ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 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).