AQR Capital Management LLC Has $39.83 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

AQR Capital Management LLC decreased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 67.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 345,607 shares of the technology company's stock after selling 702,501 shares during the period. AQR Capital Management LLC's holdings in Dell Technologies were worth $39,828,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new stake in Dell Technologies during the 4th quarter worth about $25,000. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies during the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies in the 4th quarter worth approximately $28,000. Finally, Versant Capital Management Inc boosted its stake in shares of Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after buying an additional 111 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded up $1.29 during trading on Thursday, hitting $97.08. 1,734,225 shares of the company were exchanged, compared to its average volume of 10,379,935. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $179.70. The firm's fifty day moving average price is $90.11 and its 200 day moving average price is $109.45. The firm has a market capitalization of $67.74 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Tuesday, April 22nd. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is 33.76%.

Analyst Ratings Changes

DELL has been the subject of a number of research reports. Barclays lifted their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Evercore ISI dropped their price objective on Dell Technologies from $145.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company 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 research note on Friday, February 28th. TD Cowen cut their price target on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Finally, Citigroup decreased their price objective on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating for the company in a report on Monday, April 14th. 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $134.65.

Insider Activity

In related news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 46.70% of the company's stock.

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).