Allspring Global Investments Holdings LLC Buys 7,672 Shares of Dell Technologies Inc. (NYSE:DELL)

Allspring Global Investments Holdings LLC increased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 2.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 270,992 shares of the technology company's stock after acquiring an additional 7,672 shares during the period. Allspring Global Investments Holdings LLC's holdings in Dell Technologies were worth $24,920,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Dell Technologies by 10.5% during the 4th 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 period. Capital World Investors lifted its stake 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 acquiring an additional 72,271 shares during the period. Geode Capital Management LLC lifted its stake 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 acquiring an additional 552,213 shares during the period. Norges Bank acquired a new stake in Dell Technologies during the 4th quarter valued at approximately $455,029,000. Finally, Northern Trust Corp lifted its position in shares of Dell Technologies by 16.1% in 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 period. Institutional investors and hedge funds own 76.37% of the company's stock.

Analyst Ratings Changes

DELL has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Raymond James Financial lifted their price objective on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. UBS Group dropped their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. KeyCorp assumed coverage on Dell Technologies in a research note on Thursday, June 26th. They set a "sector weight" rating for the company. Finally, Mizuho lifted their target price on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 2,900 shares of Dell Technologies stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $120.00, for a total transaction of $348,000.00. Following the transaction, the director directly owned 23,680 shares of the company's stock, valued at $2,841,600. The trade was a 10.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brunilda Rios sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.29, for a total value of $757,740.00. Following the completion of the transaction, the chief accounting officer owned 18,948 shares in the company, valued at $2,392,942.92. The trade was a 24.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,113,977 shares of company stock worth $1,471,321,229 in the last three months. 42.00% of the stock is owned by corporate insiders.

Dell Technologies Stock Up 1.3%

DELL stock traded up $1.57 during midday trading on Friday, reaching $125.05. 3,725,609 shares of the company's stock traded hands, compared to its average volume of 8,724,460. The firm's fifty day moving average price is $110.36 and its 200-day moving average price is $105.28. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $150.23. The company has a market cap of $84.89 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 1.14 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the previous year, the firm earned $1.27 earnings per share. The company's revenue was up 5.1% on a year-over-year basis. Analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.68%. Dell Technologies's dividend payout ratio (DPR) is currently 33.49%.

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).