Vanguard Group Inc. Increases Stock Position in Dell Technologies Inc. (NYSE:DELL)

Vanguard Group Inc. grew its stake in Dell Technologies Inc. (NYSE:DELL) by 10.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 27,960,560 shares of the technology company’s stock after acquiring an additional 2,662,407 shares during the period. Vanguard Group Inc.’s holdings in Dell Technologies were worth $3,222,175,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in DELL. Burns J W & Co. Inc. NY acquired a new position in Dell Technologies during the fourth quarter worth $1,272,000. iA Global Asset Management Inc. boosted its holdings in 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 valued at $1,345,000 after acquiring an additional 5,203 shares during the period. Sky Investment Group LLC acquired a new position in Dell Technologies in the 4th quarter valued at about $1,687,000. Enclave Advisors LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth about $848,000. Finally, Empowered Funds LLC boosted 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 purchasing an additional 3,470 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DELL shares. Morgan Stanley reduced their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lowered their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. UBS Group reduced their price target 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. TD Cowen cut their target price on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Finally, OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $141.24.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the 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 transaction, the director now directly owns 810,657 shares of the company’s stock, 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. Over the last three months, insiders sold 824,937 shares of company stock valued at $100,327,453. Insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 1.1 %

Shares of DELL opened at $98.72 on Wednesday. The company’s 50 day simple moving average is $105.17 and its 200-day simple moving average is $116.59. The firm has a market cap of $69.15 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.13%. Dell Technologies’s payout ratio is currently 33.76%.

Dell Technologies Company 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).