Lindbrook Capital LLC Has $288,000 Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Lindbrook Capital LLC lifted its holdings in Dell Technologies Inc. (NYSE:DELL) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,502 shares of the technology company’s stock after buying an additional 203 shares during the period. Lindbrook Capital LLC’s holdings in Dell Technologies were worth $288,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Dell Technologies in the fourth quarter worth $92,062,000. Promus Capital LLC acquired a new stake in Dell Technologies during the fourth quarter valued at $42,000. Vision Financial Markets LLC acquired a new stake in Dell Technologies during the fourth quarter valued at $26,000. Arizona State Retirement System boosted its position in Dell Technologies by 11.9% during the fourth quarter. Arizona State Retirement System now owns 90,298 shares of the technology company’s stock valued at $10,406,000 after purchasing an additional 9,609 shares during the last quarter. Finally, Vantage Financial Partners LLC acquired a new stake in Dell Technologies during the fourth quarter valued at $204,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 810,657 shares in the company, valued at $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 825,662 shares of company stock worth $100,414,453 over the last three months. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Dell Technologies stock opened at $91.37 on Friday. The business’s 50-day simple moving average is $110.13 and its 200-day simple moving average is $117.72. The firm has a market capitalization of $64.00 billion, a PE ratio of 16.14, a PEG ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The firm also recently disclosed 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 positive change 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 2.30%. Dell Technologies’s payout ratio is presently 33.76%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group reduced their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Mizuho reduced their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Melius Research raised 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. Finally, Wells Fargo & Company cut their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Company 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).