Man Group plc Reduces Stake in Dell Technologies Inc. (NYSE:DELL)

Man Group plc trimmed its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,488 shares of the technology company's stock after selling 26,567 shares during the quarter. Man Group plc's holdings in Dell Technologies were worth $9,506,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $28,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $37,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DELL. Evercore ISI lowered their price target on shares of Dell Technologies from $145.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. UBS Group decreased their target price on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 28th. TD Cowen decreased their target price on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Barclays upped their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Finally, Morgan Stanley decreased their target price on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $135.06.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $114.29 on Monday. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70. The stock has a market capitalization of $79.75 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The company has a fifty day moving average of $91.82 and a 200-day moving average of $108.43.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were paid a $0.525 dividend. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.84%. Dell Technologies's dividend payout ratio is 33.76%.

Insider Activity

In other news, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were 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 position. The disclosure for this sale can be found here. 46.70% of the stock is owned by corporate 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).

Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.