IHT Wealth Management LLC Sells 1,704 Shares of Dell Technologies Inc. (NYSE:DELL)

IHT Wealth Management LLC lowered its holdings in Dell Technologies Inc. (NYSE:DELL) by 19.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,236 shares of the technology company’s stock after selling 1,704 shares during the period. IHT Wealth Management LLC’s holdings in Dell Technologies were worth $834,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Dell Technologies during the fourth quarter worth approximately $455,029,000. Vanguard Group Inc. grew its holdings in shares of Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. Swedbank AB increased its position in shares of Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after purchasing an additional 1,690,709 shares during the period. Bank of New York Mellon Corp lifted its position in Dell Technologies by 63.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock worth $337,796,000 after purchasing an additional 1,139,318 shares during the period. Finally, Franklin Resources Inc. grew its stake in Dell Technologies by 5,047.4% during the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock worth $131,170,000 after buying an additional 1,002,117 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DELL shares. JPMorgan Chase & Co. dropped their target price on shares of Dell Technologies from $150.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Barclays upped their target price on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. UBS Group lowered 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. Wells Fargo & Company decreased their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Finally, The Goldman Sachs Group dropped their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.41.

Dell Technologies Trading Up 5.9 %

Shares of DELL opened at $94.40 on Friday. The company has a market capitalization of $65.88 billion, a PE ratio of 16.68, a PEG ratio of 1.10 and a beta of 0.94. The stock’s 50-day moving average price is $93.79 and its two-hundred day moving average price is $111.43. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $179.70.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders 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 2.22%. 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 currently 33.76%.

Insiders Place Their Bets

In other news, 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 value of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at $3,540,168.92. The trade was a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 46.70% of the company’s stock.

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).