Nuveen Asset Management LLC Grows Stake in Dell Technologies Inc. (NYSE:DELL)

Nuveen Asset Management LLC grew its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 38.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,092,295 shares of the technology company's stock after purchasing an additional 585,344 shares during the period. Nuveen Asset Management LLC owned about 0.30% of Dell Technologies worth $241,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bellwether Advisors LLC bought a new stake in Dell Technologies during the 4th quarter worth $25,000. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies during the fourth quarter worth about $26,000. Lee Danner & Bass Inc. bought a new position in Dell Technologies in the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at $28,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Dell Technologies in the fourth quarter valued at $37,000. Institutional investors own 76.37% of the company's stock.

Insider Activity

In other Dell Technologies 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 value of $886,400.00. Following the completion of the sale, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $27,235,083.20. The trade was a 3.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities 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 on the stock in a research note on Thursday, April 17th. Wells Fargo & Company cut their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. The Goldman Sachs Group lowered their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Loop Capital reduced their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Finally, Morgan Stanley dropped their target price on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.76.

Dell Technologies Trading Down 0.0%

DELL traded down $0.04 on Monday, hitting $114.15. 4,589,025 shares of the company's stock traded hands, compared to its average volume of 10,355,749. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The firm has a market cap of $79.66 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 1.10 and a beta of 0.99. The company's 50 day simple moving average is $91.82 and its 200-day simple moving average is $108.43.

Dell Technologies Increases Dividend

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

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).