Dell Technologies Inc. (NYSE:DELL) Shares Bought by Focus Partners Wealth

Focus Partners Wealth raised its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 236.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,118 shares of the technology company's stock after acquiring an additional 43,655 shares during the period. Focus Partners Wealth's holdings in Dell Technologies were worth $7,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after buying an additional 2,662,407 shares during the last quarter. Capital World Investors raised its holdings in shares of Dell Technologies by 0.6% in the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock worth $1,436,000,000 after buying an additional 72,271 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after buying an additional 552,213 shares during the last quarter. Norges Bank purchased a new position in shares of Dell Technologies in the fourth quarter worth $455,029,000. Finally, Northern Trust Corp raised its holdings in shares of Dell Technologies by 16.1% in the fourth quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock worth $382,281,000 after buying an additional 460,483 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

DELL has been the subject of several recent research reports. UBS Group reduced their target price on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a report on Friday, February 28th. Citigroup boosted their target price on shares of Dell Technologies from $105.00 to $128.00 and gave the company a "buy" rating in a research report on Friday. JPMorgan Chase & Co. decreased their target price on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Barclays boosted their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Finally, The Goldman Sachs Group decreased their target price 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. Three equities research 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 has an average rating of "Moderate Buy" and a consensus target price of $135.06.

Insider Buying and Selling

In related news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares in the company, valued at approximately $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Stock Performance

Shares of DELL stock traded up $3.42 on Friday, reaching $114.29. 5,431,892 shares of the company were exchanged, compared to its average volume of 10,376,947. The company has a market cap of $79.75 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.10 and a beta of 0.99. The business has a 50-day moving average price of $91.82 and a 200 day moving average price of $108.68. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.84%. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is currently 33.76%.

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).