Lazard Asset Management LLC Increases Holdings in Dell Technologies Inc. (NYSE:DELL)

Lazard Asset Management LLC boosted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,270 shares of the technology company's stock after buying an additional 9,035 shares during the period. Lazard Asset Management LLC's holdings in Dell Technologies were worth $17,201,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $28,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $37,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 3.1%

NYSE:DELL traded up $3.42 during trading hours on Friday, hitting $114.29. The company's stock had a trading volume of 5,431,892 shares, compared to its average volume of 10,376,947. The stock has a market capitalization of $79.75 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The stock has a fifty day moving average of $91.82 and a 200-day moving average of $108.68. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70.

Dell Technologies Increases Dividend

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

Insiders Place Their Bets

In other news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated 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 approximately $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the sale, the chief financial officer now owns 245,804 shares of the company's stock, valued at $27,235,083.20. This trade represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DELL. Wells Fargo & Company 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 Friday, February 28th. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Evercore ISI decreased their price objective on Dell Technologies from $145.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Citigroup upped their price objective on Dell Technologies from $105.00 to $128.00 and gave the company a "buy" rating in a report on Friday. Finally, Loop Capital decreased their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.06.

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).