MetLife Investment Management LLC Purchases 6,093 Shares of Dell Technologies Inc. (NYSE:DELL)

MetLife Investment Management LLC grew its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,569 shares of the technology company's stock after buying an additional 6,093 shares during the quarter. MetLife Investment Management LLC's holdings in Dell Technologies were worth $9,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Dell Technologies by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the last quarter. Capital World Investors increased its position in Dell Technologies by 0.6% during the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock worth $1,436,000,000 after acquiring an additional 72,271 shares during the period. Geode Capital Management LLC raised its position in shares of 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 buying an additional 552,213 shares during the last quarter. Norges Bank acquired a new stake in Dell Technologies during the fourth quarter worth about $455,029,000. Finally, Bank of New York Mellon Corp increased its position in shares of Dell Technologies by 63.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company's stock valued at $337,796,000 after purchasing an additional 1,139,318 shares during the period. 76.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on DELL shares. JPMorgan Chase & Co. decreased their target price on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Barclays upped their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Citigroup cut their target price on Dell Technologies from $145.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, April 14th. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Finally, Bank of America lowered their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.41.

Dell Technologies Stock Up 0.1 %

DELL stock traded up $0.11 during midday trading on Friday, reaching $94.51. The stock had a trading volume of 2,279,377 shares, compared to its average volume of 10,368,236. The firm has a market cap of $65.95 billion, a price-to-earnings ratio of 16.72, 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 has a fifty day simple moving average of $93.79 and a two-hundred day simple moving average of $111.43.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.22%. Dell Technologies's payout ratio is currently 33.76%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The stock was 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 represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 46.70% of the stock is currently owned by company 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).