Kapitalo Investimentos Ltda Invests $452,000 in Dell Technologies Inc. (NYSE:DELL)

Kapitalo Investimentos Ltda bought a new position in Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,912 shares of the technology company’s stock, valued at approximately $452,000.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new stake in shares of Dell Technologies in the fourth quarter worth about $25,000. Anchor Investment Management LLC purchased a new stake in Dell Technologies during the fourth quarter valued at approximately $26,000. Pinnacle Bancorp Inc. raised its position in Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its position in Dell Technologies by 454.5% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock valued at $37,000 after purchasing an additional 400 shares during the period. Finally, GPS Wealth Strategies Group LLC raised its position in Dell Technologies by 1,456.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock valued at $46,000 after purchasing an additional 568 shares during the period. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 139,419 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $136.18, for a total transaction of $18,986,079.42. Following the sale, the chief executive officer now owns 30,272,822 shares of the company’s stock, valued at approximately $4,122,552,899.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 1,019,203 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $110.06, for a total transaction of $112,173,482.18. Following the sale, the director now owns 535,816 shares of the company’s stock, valued at approximately $58,971,908.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 139,419 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $136.18, for a total value of $18,986,079.42. Following the sale, the chief executive officer now directly owns 30,272,822 shares in the company, valued at approximately $4,122,552,899.96. The disclosure for this sale can be found here. Insiders have sold a total of 6,876,742 shares of company stock valued at $893,291,618 over the last quarter. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Up 5.1 %

Shares of NYSE:DELL opened at $149.31 on Wednesday. Dell Technologies Inc. has a 52-week low of $48.74 and a 52-week high of $179.70. The stock has a market cap of $106.58 billion, a P/E ratio of 30.47, a price-to-earnings-growth ratio of 1.76 and a beta of 0.85. The business’s 50 day moving average is $134.84 and its 200 day moving average is $106.44.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be paid a $0.445 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a yield of 1.19%. Dell Technologies’s dividend payout ratio (DPR) is currently 36.33%.

Analyst Ratings Changes

DELL has been the topic of a number of recent research reports. Evercore ISI upped their price objective on Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Wells Fargo & Company upped their price objective on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Citigroup upped their price objective on Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Loop Capital increased their price target on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, UBS Group increased their price target on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.81.

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).