Dell Technologies Inc. (NYSE:DELL) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lessened its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 20.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,214 shares of the technology company's stock after selling 13,505 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Dell Technologies were worth $6,017,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Dell Technologies during the 3rd quarter worth approximately $198,000. Franklin Resources Inc. increased its holdings in Dell Technologies by 5,047.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company's stock worth $131,170,000 after acquiring an additional 1,002,117 shares in the last quarter. Retirement Systems of Alabama purchased a new position in Dell Technologies during the third quarter valued at $7,435,000. Principal Financial Group Inc. grew its position in shares of Dell Technologies by 59.3% in the third quarter. Principal Financial Group Inc. now owns 459,333 shares of the technology company's stock valued at $54,449,000 after purchasing an additional 170,984 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Buying and Selling at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 46.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group lowered their price objective on Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Wells Fargo & Company dropped their price target on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Loop Capital decreased their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. TD Cowen reduced their target price on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and an average target price of $134.65.

Dell Technologies Trading Down 0.2 %

NYSE DELL traded down $0.20 during trading hours on Friday, reaching $96.02. The company had a trading volume of 4,366,693 shares, compared to its average volume of 10,427,015. The stock has a market capitalization of $67.01 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The stock has a 50-day moving average of $90.16 and a 200 day moving average of $109.00. 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 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. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.19%. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. 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).