Quantinno Capital Management LP Grows Holdings in Dell Technologies Inc. (NYSE:DELL)

Quantinno Capital Management LP boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,713 shares of the technology company’s stock after purchasing an additional 5,967 shares during the quarter. Quantinno Capital Management LP’s holdings in Dell Technologies were worth $6,651,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in Dell Technologies in the 4th quarter valued at $25,000. Vision Financial Markets LLC purchased a new stake in Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies in the 4th quarter valued at $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies in the 4th quarter valued at $28,000. Finally, Stonebridge Financial Group LLC purchased a new stake in Dell Technologies in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DELL shares. Loop Capital dropped their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Barclays boosted their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Bank of America dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Citigroup boosted their price objective on shares of Dell Technologies from $105.00 to $128.00 and gave the company a “buy” rating in a research note on Friday. Finally, Raymond James boosted their price objective on shares of Dell Technologies from $139.00 to $144.00 and gave the company an “outperform” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

Dell Technologies Stock Up 3.1%

NYSE:DELL opened at $114.29 on Friday. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70. The stock has a market cap of $79.75 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The firm’s fifty day simple moving average is $91.82 and its 200-day simple moving average is $108.68.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were given a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 1.84%. Dell Technologies’s payout ratio is currently 33.76%.

Insider Buying and Selling

In related news, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. The trade was a 3.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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).