Freedom Together Foundation Lowers Stock Position in Dell Technologies Inc. (NYSE:DELL)

Freedom Together Foundation decreased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 79.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,687 shares of the technology company's stock after selling 10,500 shares during the period. Dell Technologies accounts for about 0.0% of Freedom Together Foundation's investment portfolio, making the stock its 21st largest position. Freedom Together Foundation's holdings in Dell Technologies were worth $310,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. Capital World Investors lifted its holdings in shares of Dell Technologies by 0.6% in the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock worth $1,436,000,000 after buying an additional 72,271 shares in the last quarter. Geode Capital Management LLC grew its stake in 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 stake in Dell Technologies in the 4th quarter valued at $455,029,000. Finally, Northern Trust Corp boosted its holdings in shares of Dell Technologies by 16.1% during the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock valued at $382,281,000 after purchasing an additional 460,483 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insider Activity at Dell Technologies

In related 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 transaction, the chief accounting officer now directly 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 filing with the SEC, which is available through this link. 46.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DELL. Bank of America cut their price objective on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Loop Capital decreased their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Evercore ISI lowered their target price on Dell Technologies from $145.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. 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. Finally, Barclays boosted 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. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $134.65.

Dell Technologies Stock Down 0.2 %

Shares of NYSE:DELL opened at $96.02 on Friday. The business's 50 day moving average is $90.16 and its 200 day moving average is $109.08. The stock has a market cap of $67.01 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.19%. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

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).

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