Roberts Glore & Co. Inc. IL Sells 117 Shares of Dell Technologies Inc. (NYSE:DELL)

Roberts Glore & Co. Inc. IL lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 5.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,877 shares of the technology company’s stock after selling 117 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Dell Technologies were worth $216,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DELL. OFI Invest Asset Management bought a new position in shares of Dell Technologies in the fourth quarter valued at approximately $17,420,000. Kendall Capital Management raised its position in shares of Dell Technologies by 19.0% in the fourth quarter. Kendall Capital Management now owns 48,950 shares of the technology company’s stock valued at $5,641,000 after purchasing an additional 7,830 shares during the period. Coordinated Financial Services Inc. bought a new position in shares of Dell Technologies in the fourth quarter valued at approximately $219,000. Dorsey & Whitney Trust CO LLC raised its position in shares of Dell Technologies by 18.2% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,100 shares of the technology company’s stock valued at $588,000 after purchasing an additional 787 shares during the period. Finally, Lifeworks Advisors LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at approximately $2,287,000. Institutional investors own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % 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 in the last ninety days. Company insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 1.8 %

Dell Technologies stock opened at $91.37 on Monday. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The company has a market cap of $64.00 billion, a PE ratio of 16.14, a PEG ratio of 1.10 and a beta of 0.83. The company’s 50-day moving average is $110.13 and its two-hundred day moving average is $117.81.

Dell Technologies Increases Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.30%. Dell Technologies’s dividend payout ratio is presently 33.76%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays lifted their price target 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. Citigroup dropped their price target on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Melius Research boosted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

About Dell Technologies

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).