Michael & Susan Dell Foundation Acquires New Position in Dell Technologies Inc. (NYSE:DELL)

Michael & Susan Dell Foundation acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,300,000 shares of the technology company's stock, valued at approximately $265,052,000. Dell Technologies accounts for about 14.2% of Michael & Susan Dell Foundation's investment portfolio, making the stock its 3rd largest holding. Michael & Susan Dell Foundation owned about 0.33% of Dell Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in DELL. Burns J W & Co. Inc. NY purchased a new position in shares of Dell Technologies during the 4th quarter worth approximately $1,272,000. Sky Investment Group LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at $1,687,000. Enclave Advisors LLC acquired a new position in shares of Dell Technologies during the 4th quarter valued at $848,000. Empowered Funds LLC lifted its holdings in Dell Technologies by 12.9% in the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock worth $3,502,000 after buying an additional 3,470 shares in the last quarter. Finally, Bay Rivers Group acquired a new position in Dell Technologies in the 4th quarter worth $2,347,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Price Performance

DELL stock opened at $103.24 on Tuesday. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $179.70. The firm has a market cap of $72.05 billion, a PE ratio of 18.24, a P/E/G ratio of 1.10 and a beta of 0.99. The firm has a 50 day simple moving average of $90.28 and a 200 day simple moving average of $108.79.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were issued a dividend of $0.525 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.03%. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is currently 33.76%.

Analysts Set New Price Targets

DELL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Morgan Stanley dropped their target price on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. UBS Group lowered their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 28th. The Goldman Sachs Group lowered their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Finally, Bank of America lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $134.65.

Insider Activity

In other news, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 46.70% of the stock is 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).

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