Dell Technologies Inc. (NYSE:DELL) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 8.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,870,042 shares of the technology company’s stock after buying an additional 552,213 shares during the period. Geode Capital Management LLC owned approximately 0.98% of Dell Technologies worth $789,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Burns J W & Co. Inc. NY purchased a new position in Dell Technologies during the fourth quarter worth about $1,272,000. iA Global Asset Management Inc. boosted its position in shares of Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares during the period. Sky Investment Group LLC acquired a new stake in Dell Technologies in the 4th quarter valued at approximately $1,687,000. Enclave Advisors LLC purchased a new stake in Dell Technologies in the fourth quarter valued at approximately $848,000. Finally, Empowered Funds LLC lifted its stake in Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after purchasing an additional 3,470 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at $100,943,009.64. This represents a 28.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 825,863 shares of company stock valued at $100,413,839 over the last ninety days. Insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DELL shares. Bank of America cut their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. TD Cowen reduced their price target on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. UBS Group dropped their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 28th. Loop Capital reduced their target price on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Stock Up 3.7 %

Shares of DELL opened at $95.32 on Thursday. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70. The stock has a 50 day moving average price of $103.15 and a 200 day moving average price of $115.88. The company has a market capitalization of $66.77 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth 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. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.20%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 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).