Dimensional Fund Advisors LP Increases Stock Position in Dell Technologies Inc. (NYSE:DELL)

Dimensional Fund Advisors LP lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 920,571 shares of the technology company's stock after purchasing an additional 43,753 shares during the period. Dimensional Fund Advisors LP owned about 0.13% of Dell Technologies worth $106,090,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies in the fourth quarter valued at $26,000. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at $28,000. Versant Capital Management Inc grew its stake in shares of Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock worth $36,000 after acquiring an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in Dell Technologies in the 4th quarter worth about $37,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Down 2.1 %

Shares of NYSE DELL traded down $2.01 during mid-day trading on Wednesday, reaching $91.77. 9,859,044 shares of the company were exchanged, compared to its average volume of 10,379,856. The stock has a market capitalization of $64.04 billion, a PE ratio of 16.21, a PEG ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70. The company's 50 day moving average price is $92.23 and its 200 day moving average price is $110.72.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.29%. Dell Technologies's dividend payout ratio (DPR) is 33.76%.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of research reports. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Barclays raised their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Evercore ISI dropped their target price on Dell Technologies from $145.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday. Citigroup cut their price target on 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 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. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.65.

Insider Buying and Selling

In other 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 value of $86,386.54. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 46.70% of the stock is owned by corporate insiders.

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).