Dell Technologies Inc. (NYSE:DELL) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank decreased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 30.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,077 shares of the technology company's stock after selling 46,468 shares during the period. Toronto Dominion Bank's holdings in Dell Technologies were worth $12,109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DELL. Allen Capital Group LLC raised its stake in shares of Dell Technologies by 3.3% in the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock valued at $338,000 after acquiring an additional 95 shares in the last quarter. Bogart Wealth LLC increased its holdings in Dell Technologies by 7.7% during the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock worth $161,000 after purchasing an additional 100 shares during the period. Tortoise Investment Management LLC raised its position in Dell Technologies by 23.0% in the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock valued at $62,000 after purchasing an additional 100 shares in the last quarter. Spire Wealth Management boosted its stake in shares of Dell Technologies by 3.3% in the 4th quarter. Spire Wealth Management now owns 3,290 shares of the technology company's stock valued at $379,000 after buying an additional 104 shares during the period. Finally, UMB Bank n.a. grew its position in shares of Dell Technologies by 8.8% during the fourth quarter. UMB Bank n.a. now owns 1,292 shares of the technology company's stock worth $149,000 after buying an additional 105 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on DELL shares. Barclays lifted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. The Goldman Sachs Group decreased their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Morgan Stanley decreased their price target on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. 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 research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $134.76.

Dell Technologies Trading Down 0.1%

Shares of NYSE DELL opened at $114.13 on Wednesday. The stock has a market cap of $79.64 billion, a P/E ratio of 20.16, a P/E/G ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The stock has a 50 day moving average of $92.65 and a two-hundred day moving average of $108.35.

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 given a $0.525 dividend. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 1.84%. Dell Technologies's dividend payout ratio is 33.76%.

Insider Buying and Selling

In related news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction 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. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction on 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 in the company, valued at $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is owned by company 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).

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