Meiji Yasuda Asset Management Co Ltd. Acquires 2,765 Shares of Dell Technologies Inc. (NYSE:DELL)

Meiji Yasuda Asset Management Co Ltd. grew its position in Dell Technologies Inc. (NYSE:DELL) by 68.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,794 shares of the technology company’s stock after purchasing an additional 2,765 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Dell Technologies were worth $783,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Burns J W & Co. Inc. NY acquired a new stake in shares of Dell Technologies in the fourth quarter valued at about $1,272,000. iA Global Asset Management Inc. grew its stake in Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after purchasing an additional 5,203 shares in the last quarter. Sky Investment Group LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $1,687,000. Enclave Advisors LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $848,000. Finally, Empowered Funds LLC grew its stake in shares of Dell Technologies by 12.9% in the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after buying an additional 3,470 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Trading Up 1.0 %

NYSE DELL opened at $97.20 on Friday. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The firm has a market capitalization of $68.08 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.10 and a beta of 0.83. The firm’s 50 day simple moving average is $104.66 and its 200 day simple moving average is $116.31.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. 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 dividend yield of 2.16%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 824,937 shares of company stock worth $100,327,453 in the last three months. 46.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on DELL shares. The Goldman Sachs Group cut their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Morgan Stanley reduced their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Bank of America dropped their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Barclays increased their price target on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $141.24.

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).