Massachusetts Financial Services Co. MA Has $406,000 Position in Dell Technologies Inc. (NYSE:DELL)

Massachusetts Financial Services Co. MA lowered its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 83.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,527 shares of the technology company's stock after selling 17,911 shares during the period. Massachusetts Financial Services Co. MA's holdings in Dell Technologies were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DELL. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies in the 4th quarter valued at $26,000. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies during the 4th quarter valued at $28,000. Versant Capital Management Inc grew its holdings in shares of Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of Dell Technologies in the fourth quarter worth $37,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Citigroup reduced their price target on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Barclays upped their target price 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. TD Cowen reduced their target price on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Finally, Loop Capital lowered their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $141.24.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $3.02 during mid-day trading on Friday, reaching $81.96. 8,655,172 shares of the company's stock were exchanged, compared to its average volume of 10,381,738. The firm has a market capitalization of $57.19 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The business's fifty day moving average price is $98.16 and its 200-day moving average price is $113.31.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is 33.76%.

Insider Activity

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now owns 23,680 shares of the company's stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the business'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 completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.

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).