Meiji Yasuda Life Insurance Co Invests $415,000 in Dell Technologies Inc. (NYSE:DELL)

Meiji Yasuda Life Insurance Co purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,600 shares of the technology company's stock, valued at approximately $415,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DELL. Virtu Financial LLC bought a new position in Dell Technologies during the 3rd quarter worth approximately $894,000. Wilmington Savings Fund Society FSB bought a new position in shares of Dell Technologies in the 3rd quarter worth about $198,000. Franklin Resources Inc. lifted its holdings in shares of Dell Technologies by 5,047.4% during the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company's stock valued at $131,170,000 after purchasing an additional 1,002,117 shares during the last quarter. Retirement Systems of Alabama purchased a new stake in shares of Dell Technologies in the third quarter worth $7,435,000. Finally, Principal Financial Group Inc. grew its position in Dell Technologies by 59.3% during the 3rd quarter. Principal Financial Group Inc. now owns 459,333 shares of the technology company's stock valued at $54,449,000 after purchasing an additional 170,984 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DELL shares. JPMorgan Chase & Co. reduced their target price on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Loop Capital lowered their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. TD Cowen decreased their price target on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Wells Fargo & Company reduced their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Finally, UBS Group cut their target price 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. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.65.

Dell Technologies Price Performance

Shares of NYSE:DELL traded down $0.23 during trading on Monday, reaching $94.36. 4,932,682 shares of the company were exchanged, compared to its average volume of 10,406,231. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70. The firm has a market capitalization of $65.85 billion, a PE ratio of 16.67, a P/E/G ratio of 1.10 and a beta of 0.94. The business's fifty day simple moving average is $90.52 and its 200-day simple moving average is $109.65.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.23%. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. Dell Technologies's dividend payout ratio is presently 33.76%.

Insider Activity at Dell Technologies

In other 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 sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 46.70% of the stock is currently owned by corporate insiders.

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).