Vident Advisory LLC Increases Position in Dell Technologies Inc. (NYSE:DELL)

Vident Advisory LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 38.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,990 shares of the technology company's stock after purchasing an additional 3,852 shares during the quarter. Vident Advisory LLC's holdings in Dell Technologies were worth $1,612,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in Dell Technologies in the fourth quarter valued at approximately $455,029,000. Vanguard Group Inc. boosted its position in 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 buying an additional 2,662,407 shares in the last quarter. Michael & Susan Dell Foundation acquired a new stake in Dell Technologies in the fourth quarter valued at approximately $265,052,000. Janus Henderson Group PLC boosted its position in Dell Technologies by 160.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after buying an additional 1,865,013 shares in the last quarter. Finally, Swedbank AB boosted its position in Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock valued at $219,084,000 after buying an additional 1,690,709 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Performance

Shares of DELL stock traded up $2.41 during mid-day trading on Tuesday, hitting $114.52. The company's stock had a trading volume of 1,444,854 shares, compared to its average volume of 10,208,776. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70. The company has a market cap of $79.91 billion, a PE ratio of 20.23, a P/E/G ratio of 1.10 and a beta of 0.99. The company's fifty day simple moving average is $93.85 and its 200-day simple moving average is $107.53.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were paid a $0.525 dividend. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, April 22nd. Dell Technologies's payout ratio is 33.76%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DELL. TD Cowen cut their target price on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. The Goldman Sachs Group cut their target price on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. cut their target price 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. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Finally, UBS Group decreased their price objective on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.82.

Insider Buying and Selling at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the business'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 sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the sale, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.

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).