MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in Dell Technologies Inc. (NYSE:DELL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 19.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,757 shares of the technology company's stock after purchasing an additional 9,784 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Dell Technologies were worth $6,886,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Dell Technologies by 10.5% during 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 purchasing an additional 2,662,407 shares in the last quarter. Capital World Investors raised its holdings in shares of Dell Technologies by 0.6% during the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after purchasing an additional 72,271 shares during the period. Geode Capital Management LLC increased its holdings in shares of Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after acquiring an additional 552,213 shares in the last quarter. Norges Bank bought a new position in shares of Dell Technologies in the fourth quarter valued at $455,029,000. Finally, Northern Trust Corp raised its stake in shares of Dell Technologies by 16.1% in the fourth 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 last quarter. Institutional investors own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of recent analyst reports. Barclays lifted their price target on Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Morgan Stanley reduced their price target on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Citigroup boosted their price target on shares of Dell Technologies from $105.00 to $128.00 and gave the company a "buy" rating in a research report on Friday. Raymond James boosted their price target on shares of Dell Technologies from $139.00 to $144.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, Evercore ISI decreased their price objective on Dell Technologies from $145.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and an average target price of $134.76.

Dell Technologies Price Performance

NYSE DELL traded down $0.17 during trading hours on Tuesday, reaching $114.11. 2,984,322 shares of the company's stock traded hands, compared to its average volume of 10,327,204. The firm has a market cap of $79.63 billion, a PE ratio of 20.12, a PEG ratio of 1.10 and a beta of 0.99. The firm has a 50-day simple moving average of $92.21 and a 200 day simple moving average of $108.31. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were issued a dividend of $0.525 per share. The ex-dividend date was Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 1.84%. Dell Technologies's dividend payout ratio (DPR) is presently 33.76%.

Insider Activity

In related news, 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 completion of the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the sale, the chief financial officer now owns 245,804 shares of the company's stock, valued at $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. Corporate insiders own 46.70% of the company's stock.

Dell Technologies 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).