Fiduciary Trust Co Boosts Stock Position in Dell Technologies Inc. (NYSE:DELL)

Fiduciary Trust Co lifted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 116.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,544 shares of the technology company's stock after purchasing an additional 36,396 shares during the quarter. Fiduciary Trust Co's holdings in Dell Technologies were worth $7,784,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DELL. 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 valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the last quarter. Capital World Investors increased its position 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 valued at $1,436,000,000 after acquiring an additional 72,271 shares during the last quarter. Geode Capital Management LLC raised its holdings in Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after acquiring an additional 552,213 shares in the last quarter. Norges Bank bought a new position in Dell Technologies in the fourth quarter valued at approximately $455,029,000. Finally, Northern Trust Corp increased its position in shares of Dell Technologies by 16.1% during the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock worth $382,281,000 after purchasing an additional 460,483 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Price Performance

NYSE DELL traded up $4.43 on Tuesday, reaching $107.85. 7,052,611 shares of the company's stock traded hands, compared to its average volume of 10,428,847. The stock has a market cap of $75.26 billion, a PE ratio of 19.05, a P/E/G 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 stock has a 50-day simple moving average of $90.28 and a 200 day simple moving average of $108.79.

Dell Technologies Increases Dividend

The business also recently disclosed 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Tuesday, April 22nd. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is 33.76%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DELL. Morgan Stanley cut their price target on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. TD Cowen dropped their price objective on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Evercore ISI dropped their price target on Dell Technologies from $145.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, UBS Group reduced their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $133.71.

Insider Transactions at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the company's 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 completion of the transaction, the chief accounting officer now directly 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 46.70% of the company's stock.

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).