Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 333,770 shares of the technology company's stock, valued at approximately $38,464,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of Dell Technologies by 12.9% in the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock worth $3,502,000 after purchasing an additional 3,470 shares during the period. Bay Rivers Group purchased a new stake in Dell Technologies in the 4th quarter worth $2,347,000. Newbridge Financial Services Group Inc. raised its holdings in Dell Technologies by 163.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 16,566 shares of the technology company's stock valued at $1,909,000 after acquiring an additional 10,281 shares during the period. Jennison Associates LLC lifted its position in shares of Dell Technologies by 3.2% in the fourth quarter. Jennison Associates LLC now owns 1,165,754 shares of the technology company's stock valued at $134,341,000 after acquiring an additional 36,621 shares in the last quarter. Finally, Swedbank AB boosted its stake in shares of Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after acquiring an additional 1,690,709 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.
Dell Technologies Stock Down 0.2%
DELL traded down $0.18 during trading hours on Thursday, reaching $113.60. 14,338,476 shares of the company's stock traded hands, compared to its average volume of 10,185,496. The firm has a 50-day moving average price of $94.47 and a 200 day moving average price of $107.62. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70. The firm has a market capitalization of $79.27 billion, a PE ratio of 20.07, a PEG ratio of 1.10 and a beta of 0.99.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on DELL shares. Barclays upped their price target on Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Citigroup boosted their price target on shares of Dell Technologies from $105.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research note on Thursday. Wells Fargo & Company lowered their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.82.
Check Out Our Latest Analysis on Dell Technologies
Insider Activity at Dell Technologies
In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies 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 approximately $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the transaction, the chief financial officer now owns 245,804 shares in the company, 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. 46.70% of the stock is currently owned by company insiders.
Dell Technologies Profile
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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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