Brandywine Global Investment Management LLC Purchases New Shares in Dell Technologies Inc. (NYSE:DELL)

Brandywine Global Investment Management LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 178,690 shares of the technology company’s stock, valued at approximately $20,592,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DELL. Optimist Retirement Group LLC boosted its position in shares of Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after purchasing an additional 463 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Dell Technologies by 674.1% in the third quarter. The Manufacturers Life Insurance Company now owns 174,635 shares of the technology company’s stock worth $20,701,000 after acquiring an additional 152,076 shares during the last quarter. Townsquare Capital LLC bought a new position in shares of Dell Technologies during the third quarter valued at $557,000. Freedom Investment Management Inc. boosted its stake in Dell Technologies by 48.5% in the 3rd quarter. Freedom Investment Management Inc. now owns 2,754 shares of the technology company’s stock worth $326,000 after purchasing an additional 900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Dell Technologies by 22.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 133,186 shares of the technology company’s stock valued at $15,788,000 after purchasing an additional 24,145 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock valued at $100,327,453 over the last quarter. 46.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DELL shares. JPMorgan Chase & Co. dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Loop Capital decreased their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft cut their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Wells Fargo & Company decreased their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Finally, Citigroup dropped 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Price Performance

Shares of DELL stock opened at $92.35 on Monday. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The firm has a fifty day moving average price of $104.31 and a 200-day moving average price of $116.33. The company has a market cap of $64.68 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders 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 of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.27%. Dell Technologies’s dividend payout ratio is presently 33.76%.

Dell Technologies 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).