Gabelli Funds LLC Sells 450 Shares of Dell Technologies Inc. (NYSE:DELL)

Gabelli Funds LLC lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 2.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 21,300 shares of the technology company’s stock after selling 450 shares during the period. Gabelli Funds LLC’s holdings in Dell Technologies were worth $2,455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allen Capital Group LLC raised its holdings in Dell Technologies by 3.3% in the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock valued at $338,000 after buying an additional 95 shares during the last quarter. Brooklyn Investment Group increased its position in Dell Technologies by 18.7% in the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock valued at $70,000 after acquiring an additional 96 shares during the period. Sunflower Bank N.A. raised its stake in shares of Dell Technologies by 3.1% during the fourth quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company’s stock valued at $375,000 after acquiring an additional 98 shares during the last quarter. Bogart Wealth LLC lifted its holdings in shares of Dell Technologies by 7.7% during the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock worth $161,000 after purchasing an additional 100 shares during the period. Finally, Tortoise Investment Management LLC increased its holdings in Dell Technologies by 23.0% in the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock valued at $62,000 after purchasing an additional 100 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Trading Up 1.8 %

Shares of NYSE:DELL opened at $84.86 on Friday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $179.70. The stock has a market cap of $59.22 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The stock’s fifty day simple moving average is $95.82 and its two-hundred day simple moving average is $112.25.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.47%. Dell Technologies’s payout ratio is 33.76%.

Analyst Ratings Changes

A number of research firms have commented on DELL. Morgan Stanley reduced their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. TD Cowen reduced their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note 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. Bank of America cut their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, UBS Group lowered their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.41.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by insiders.

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).