Franklin Resources Inc. Raises Holdings in Dell Technologies Inc. (NYSE:DELL)

Franklin Resources Inc. grew its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 18.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,211,499 shares of the technology company's stock after buying an additional 189,528 shares during the period. Franklin Resources Inc. owned 0.17% of Dell Technologies worth $139,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. B. Metzler seel. Sohn & Co. AG lifted its stake in Dell Technologies by 179.9% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 28,924 shares of the technology company's stock worth $3,333,000 after purchasing an additional 18,591 shares in the last quarter. Cannell & Spears LLC lifted its position in Dell Technologies by 1.3% during the fourth quarter. Cannell & Spears LLC now owns 198,464 shares of the technology company's stock worth $22,871,000 after buying an additional 2,520 shares in the last quarter. Summit Financial LLC boosted its stake in Dell Technologies by 4.7% during the fourth quarter. Summit Financial LLC now owns 4,598 shares of the technology company's stock worth $530,000 after buying an additional 206 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Dell Technologies by 123.2% in the 4th quarter. Alliancebernstein L.P. now owns 788,950 shares of the technology company's stock valued at $90,919,000 after buying an additional 435,516 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its stake in shares of Dell Technologies by 10.3% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 46,246 shares of the technology company's stock worth $5,329,000 after acquiring an additional 4,320 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares of the company's stock, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction 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 in the company, 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 sold 825,863 shares of company stock valued at $100,413,839 in the last three months. 46.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DELL shares. UBS Group dropped their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a report on Friday, February 28th. Wells Fargo & Company cut their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Bank of America cut their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $141.24.

Dell Technologies Trading Down 7.3 %

DELL traded down $5.66 during trading hours on Friday, hitting $71.57. 17,401,326 shares of the company's stock were exchanged, compared to its average volume of 10,277,263. Dell Technologies Inc. has a 12-month low of $69.42 and a 12-month high of $179.70. The firm has a market cap of $49.94 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The firm has a 50 day moving average of $101.57 and a 200 day moving average of $115.29.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.76%.

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).