Alkeon Capital Management LLC Purchases 100,000 Shares of Dell Technologies Inc. (NYSE:DELL)

Alkeon Capital Management LLC lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,246,777 shares of the technology company's stock after acquiring an additional 100,000 shares during the quarter. Dell Technologies accounts for 0.5% of Alkeon Capital Management LLC's portfolio, making the stock its 29th largest holding. Alkeon Capital Management LLC owned 0.32% of Dell Technologies worth $258,919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of DELL. Allen Capital Group LLC increased its stake in Dell Technologies by 3.3% in the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock valued at $338,000 after buying an additional 95 shares during the period. Brooklyn Investment Group boosted its stake in Dell Technologies by 18.7% during the fourth quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock worth $70,000 after buying an additional 96 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in shares of Dell Technologies by 3.1% during the 4th quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company's stock worth $375,000 after acquiring an additional 98 shares during the period. Bogart Wealth LLC boosted its position in shares of Dell Technologies by 7.7% during the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock valued at $161,000 after acquiring an additional 100 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its position in Dell Technologies by 23.0% in the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock worth $62,000 after purchasing an additional 100 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction 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. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 46.70% of the company's stock.

Dell Technologies Stock Down 0.3 %

Shares of DELL traded down $0.28 during trading hours on Tuesday, hitting $94.08. The company had a trading volume of 4,997,174 shares, compared to its average volume of 10,406,191. The firm has a market cap of $65.65 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $179.70. The business has a fifty day moving average of $90.52 and a 200-day moving average of $109.65.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were given a dividend of $0.525 per share. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.23%. Dell Technologies's dividend payout ratio is currently 33.76%.

Wall Street Analysts Forecast Growth

DELL has been the subject of several recent analyst reports. TD Cowen dropped their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Evercore ISI dropped their price objective on Dell Technologies from $145.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Morgan Stanley reduced their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $134.65.

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).