LGT Group Foundation Buys 1,579 Shares of Dell Technologies Inc. (NYSE:DELL)

LGT Group Foundation raised its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,901 shares of the technology company’s stock after purchasing an additional 1,579 shares during the quarter. LGT Group Foundation’s holdings in Dell Technologies were worth $5,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of DELL. Byrne Asset Management LLC bought a new stake in Dell Technologies during the fourth quarter valued at approximately $28,000. True Wealth Design LLC lifted its holdings in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after acquiring an additional 218 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Dell Technologies in the 4th quarter worth approximately $37,000. 76.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DELL. TD Cowen lowered their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday. The Goldman Sachs Group lowered their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday. Morgan Stanley lowered their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Citigroup lowered their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $144.47.

Dell Technologies Trading Down 7.0 %

Shares of Dell Technologies stock opened at $95.55 on Tuesday. The company’s fifty day simple moving average is $112.10 and its two-hundred day simple moving average is $118.30. The company has a market cap of $66.93 billion, a P/E ratio of 16.88, a PEG ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70.

Dell Technologies Increases Dividend

The business also recently disclosed 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. 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 2.20%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 33.76%.

Insider Buying and Selling at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their position. The transaction was disclosed in a 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 company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 810,657 shares in the company, 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. In the last ninety days, insiders have sold 929,407 shares of company stock valued at $113,411,626. 46.70% of the stock is currently owned by company insiders.

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).