BI Asset Management Fondsmaeglerselskab A S Decreases Position in Dell Technologies Inc. (NYSE:DELL)

BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 30.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,289 shares of the technology company's stock after selling 42,344 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Dell Technologies were worth $10,981,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vision Financial Markets LLC bought a new position in Dell Technologies during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies in the fourth quarter worth approximately $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies in the 4th quarter worth approximately $28,000. Versant Capital Management Inc raised its stake in 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 last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of Dell Technologies during the 4th quarter valued at $37,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Brunilda Rios sold 926 shares of the business'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 sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 46.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. cut their price objective on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group reduced 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 report on Monday, March 3rd. Wells Fargo & Company dropped their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Citigroup reduced their target price 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. Finally, Loop Capital dropped their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and an average target price of $136.41.

Dell Technologies Price Performance

Shares of DELL stock traded up $4.38 during mid-day trading on Thursday, hitting $93.54. The company had a trading volume of 3,518,701 shares, compared to its average volume of 8,737,098. The company has a market capitalization of $65.28 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.10 and a beta of 0.94. The stock's 50 day moving average price is $94.19 and its 200-day moving average price is $111.60. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This is a positive change 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 dividend yield of 2.24%. Dell Technologies's dividend payout ratio (DPR) is presently 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).