Morse Asset Management Inc Purchases 12,309 Shares of Dell Technologies Inc. (NYSE:DELL)

Morse Asset Management Inc lifted its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 58.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,532 shares of the technology company's stock after purchasing an additional 12,309 shares during the quarter. Morse Asset Management Inc's holdings in Dell Technologies were worth $3,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after buying an additional 2,662,407 shares during the last quarter. Capital World Investors increased its holdings in Dell Technologies by 0.6% in the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock worth $1,436,000,000 after buying an additional 72,271 shares during the last quarter. Geode Capital Management LLC increased its holdings in Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after buying an additional 552,213 shares during the last quarter. Norges Bank acquired a new position in Dell Technologies during the fourth quarter valued at approximately $455,029,000. Finally, Northern Trust Corp grew its holdings in Dell Technologies by 16.1% during the fourth quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock valued at $382,281,000 after purchasing an additional 460,483 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Bank of America lowered their price target on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Loop Capital lowered their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Finally, UBS Group lowered their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Three 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, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.06.

Insider Buying and Selling at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of Dell Technologies 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 completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the transaction, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 46.70% of the company's stock.

Dell Technologies Trading Up 3.1%

DELL stock traded up $3.42 during midday trading on Friday, hitting $114.29. The stock had a trading volume of 5,431,892 shares, compared to its average volume of 10,376,946. The firm has a market capitalization of $79.75 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70. The stock has a 50-day simple moving average of $91.37 and a 200 day simple moving average of $108.73.

Dell Technologies Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.84%. Dell Technologies's dividend payout ratio (DPR) is presently 33.76%.

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).