Assetmark Inc. Sells 229 Shares of Dell Technologies Inc. (NYSE:DELL)

Assetmark Inc. decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 48.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 248 shares of the technology company’s stock after selling 229 shares during the quarter. Assetmark Inc.’s holdings in Dell Technologies were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DELL. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies in the fourth quarter worth about $28,000. True Wealth Design LLC lifted its position in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after buying an additional 111 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Dell Technologies in the fourth quarter worth about $37,000. Finally, JFS Wealth Advisors LLC lifted its position in shares of Dell Technologies by 204.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 329 shares of the technology company’s stock worth $38,000 after buying an additional 221 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Barclays upped their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. UBS Group decreased their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, Citigroup decreased their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $141.24.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the transaction, the director now owns 810,657 shares in the company, 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 SEC, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 824,937 shares of company stock valued at $100,327,453 in the last quarter. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Price Performance

Dell Technologies stock opened at $95.76 on Monday. The stock has a market capitalization of $67.08 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 1-year low of $86.93 and a 1-year high of $179.70. The business has a fifty day moving average price of $107.79 and a 200-day moving average price of $117.17.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.19%. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

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).