Dana Investment Advisors Inc. Reduces Stake in Dell Technologies

Dana Investment Advisors Inc. has decreased its stake in Dell Technologies Inc. (NYSE: DELL) by 1.5% during the fourth quarter, as noted in its latest 13F filing with the SEC. After selling 3,585 shares during this period, the firm now holds a total of 232,023 shares in the technology company. This holding constitutes approximately 0.9% of Dana Investment Advisors Inc.'s total portfolio, positioning Dell as the 17th largest investment for the firm. At the close of the most recent quarter, the value of Dana's holdings in Dell Technologies was approximately $26,738,000.

Recent activities among other hedge funds also indicate interest in Dell Technologies. For instance, Vision Financial Markets LLC established a new investment in Dell Technologies during the fourth quarter worth $26,000, while Byrne Asset Management LLC also bought shares valued at $28,000. Additionally, True Wealth Design LLC made a significant increase in its holdings, boosting its position by 2,530.0% during the third quarter, bringing its total to 263 shares worth $31,000 after acquiring 253 additional shares. Covestor Ltd. also increased its stake in Dell by 290.7% in the same quarter, now owning 293 shares valued at $35,000 after purchasing an additional 218 shares. Versant Capital Management Inc. has likewise grown its holdings in Dell Technologies by 54.7%, now possessing 314 shares valued at $36,000 after acquiring 111 more shares. Overall, institutional investors hold 76.37% of Dell Technologies' stock.

Analyst Ratings and Price Targets

Several research firms have been assessing Dell Technologies, providing insights into their expectations for the stock. JPMorgan Chase & Co. adjusted its price target from $160.00 to $150.00 while maintaining an "overweight" rating on February 11th. Similarly, Goldman Sachs Group lowered its price target from $165.00 to $145.00, assigning a "buy" rating. Citigroup also reduced its target from $156.00 to $145.00, maintaining a "buy" rating. On the other hand, Loop Capital revised its expectations, dropping their target from $185.00 to $130.00 while keeping a "buy" rating. Finally, TD Cowen decreased its target from $128.00 to $120.00, providing a "hold" rating. Currently, three investment analysts have recommended holding the stock, while sixteen have issued a buy recommendation, leading to an average rating of "Moderate Buy" with a consensus price target of $141.24.

Recent Insider Trading Activity

In related news, some insiders have also been trading shares of Dell Technologies. On January 8th, Director Iv (Gp) L.L.C. Slta sold 499,045 shares at an average price of $119.73, totaling approximately $59.75 million. Post-sale, the director retained ownership of 810,657 shares, valued at nearly $97.06 million. This sale marked a 38.10% drop in their position. Additionally, Director Lynn Vojvodich Radakovich sold 725 shares on December 16th at an average price of $120.00, which amounted to $87,000. After this trade, they own 23,680 shares worth around $2.84 million, a decrease of 2.97% in their stake. Insider trading over the last ninety days shows that insiders have sold 929,407 shares valued at approximately $113.41 million, with insiders retaining 46.70% of company stock.

Dell Technologies' Stock Performance

As of Thursday, Dell Technologies' stock opened at $97.31. The stock has seen a 1-year low of $86.93 and a 1-year high of $179.70. Dell Technologies Inc. boasts a market capitalization of $68.16 billion and has a P/E ratio of 17.19, with a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. Its 50-day and 200-day moving averages are $111.17 and $118.04, respectively.

Dividend Increase Announcement

The company has also recently announced an increase in its quarterly dividend, which is set to be distributed on May 2nd. Investors recorded as of April 22nd will receive a dividend of $0.525, rising from the previous $0.45 per share. This equates to an annualized dividend of $2.10, translating to a yield of 2.16%. The ex-dividend date is also April 22nd, and the company's dividend payout ratio stands at 33.76%.

About Dell Technologies

Dell Technologies Inc. is involved in the design, development, manufacturing, marketing, selling, and support of a wide variety of integrated solutions, products, and services across the Americas, Europe, the Middle East, and Asia. The company operates through two main segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

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