Mufg Securities Americas Inc. acquired a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,535 shares of the technology company's stock, valued at approximately $523,000.
Several other hedge funds have also recently added to or reduced their stakes in DELL. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies during the fourth quarter valued at $25,000. Vision Financial Markets LLC acquired a new position in Dell Technologies during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies during the 4th quarter worth $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies during the 4th quarter valued at approximately $28,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Dell Technologies in the fourth quarter worth $37,000. Institutional investors own 76.37% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on DELL shares. TD Cowen cut their price target on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a report on Friday, February 28th. The Goldman Sachs Group decreased their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Evercore ISI decreased their target price on Dell Technologies from $145.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company lowered their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Finally, Citigroup boosted their price target on Dell Technologies from $105.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $134.76.
Read Our Latest Report on Dell Technologies
Insider Activity
In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the sale, the chief financial officer now owns 245,804 shares in the company, valued at $27,235,083.20. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was 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 Trading Down 0.0%
DELL stock traded down $0.04 on Monday, hitting $114.15. The company's stock had a trading volume of 4,589,025 shares, compared to its average volume of 10,355,751. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70. The stock has a market cap of $79.66 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The firm has a 50 day moving average of $91.82 and a two-hundred day moving average of $108.43.
Dell Technologies Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were paid a $0.525 dividend. The ex-dividend date was Tuesday, April 22nd. This is an increase 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 payout ratio is 33.76%.
Dell Technologies Profile
(
Free Report)
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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