Heck Capital Advisors LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,414 shares of the technology company's stock, valued at approximately $624,000.
A number of other hedge funds and other institutional investors have also modified their holdings of DELL. Norges Bank acquired a new stake in Dell Technologies in the fourth quarter valued at $455,029,000. Vanguard Group Inc. increased its position 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 purchasing an additional 2,662,407 shares in the last quarter. Michael & Susan Dell Foundation purchased a new stake in Dell Technologies in the 4th quarter valued at about $265,052,000. Janus Henderson Group PLC grew its holdings in Dell Technologies by 160.5% in the 4th 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 during the period. Finally, Swedbank AB grew its holdings in shares of Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after purchasing an additional 1,690,709 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Wells Fargo & Company cut their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Mizuho upped their price objective on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Raymond James upped their target price on Dell Technologies from $139.00 to $144.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley increased their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.82.
Get Our Latest Analysis on Dell Technologies
Insiders Place Their Bets
In related news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the transaction, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. This represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company's stock.
Dell Technologies Trading Up 1.6%
NYSE:DELL traded up $1.76 during trading hours on Tuesday, hitting $113.87. 5,502,443 shares of the company were exchanged, compared to its average volume of 10,224,213. The stock has a market capitalization of $79.46 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The company has a fifty day simple moving average of $93.85 and a 200 day simple moving average of $107.53. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70.
Dell Technologies Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.525 per share. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Tuesday, April 22nd. Dell Technologies's payout ratio is currently 33.76%.
About Dell Technologies
(
Free Report)
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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