ProShare Advisors LLC Purchases 11,815 Shares of Dell Technologies Inc. (NYSE:DELL)

ProShare Advisors LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,676 shares of the technology company's stock after purchasing an additional 11,815 shares during the quarter. ProShare Advisors LLC's holdings in Dell Technologies were worth $7,338,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its holdings in Dell Technologies by 33.8% during the fourth quarter. Park Avenue Securities LLC now owns 4,395 shares of the technology company's stock valued at $506,000 after purchasing an additional 1,110 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Dell Technologies in the fourth quarter worth about $417,000. Brooklyn Investment Group raised its stake in shares of Dell Technologies by 18.7% during the fourth quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock worth $70,000 after buying an additional 96 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of Dell Technologies by 12.1% in the 4th quarter. Arkadios Wealth Advisors now owns 14,704 shares of the technology company's stock valued at $1,695,000 after purchasing an additional 1,583 shares during the period. Finally, Jackson Square Capital LLC boosted its holdings in Dell Technologies by 8.7% during the fourth quarter. Jackson Square Capital LLC now owns 11,752 shares of the technology company's stock worth $1,354,000 after buying an additional 938 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of DELL traded down $0.15 during trading hours on Tuesday, hitting $114.13. 4,144,079 shares of the stock were exchanged, compared to its average volume of 10,330,127. The firm has a market capitalization of $79.64 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The business has a 50-day moving average of $92.21 and a 200-day moving average of $108.31. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70.

Dell Technologies Increases Dividend

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

Insiders Place Their Bets

In related news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on 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 in the company, valued at approximately $27,235,083.20. The trade was a 3.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DELL shares. Mizuho lifted their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday. UBS Group lowered their price target on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research note 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. Barclays upped their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, TD Cowen reduced their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research 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. According to MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $134.76.

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).