Gotham Asset Management LLC Raises Position in Dell Technologies Inc. (NYSE:DELL)

Gotham Asset Management LLC boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 193,961 shares of the technology company's stock after purchasing an additional 13,095 shares during the period. Gotham Asset Management LLC's holdings in Dell Technologies were worth $22,352,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth $26,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies in the fourth quarter valued at $26,000. Byrne Asset Management LLC acquired a new stake in Dell Technologies in the fourth quarter valued at $28,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Dell Technologies in the fourth quarter valued at $37,000. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Price Performance

Shares of DELL stock traded up $2.92 on Wednesday, reaching $110.77. 2,637,262 shares of the company were exchanged, compared to its average volume of 10,398,637. The company has a market cap of $77.30 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.10 and a beta of 0.99. The company has a 50-day moving average of $90.57 and a 200-day moving average of $108.78. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is 33.76%.

Analysts Set New Price Targets

DELL has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Raymond James increased their price objective on Dell Technologies from $139.00 to $144.00 and gave the company an "outperform" rating in a report on Tuesday. Morgan Stanley decreased their price objective on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Barclays increased their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group decreased their price objective on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.71.

Insider Transactions at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 46.70% of the company's stock.

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).