Northern Trust Corp Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

Northern Trust Corp lifted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,317,258 shares of the technology company's stock after purchasing an additional 460,483 shares during the period. Northern Trust Corp owned about 0.47% of Dell Technologies worth $382,281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Burns J W & Co. Inc. NY acquired a new position in shares of Dell Technologies in the fourth quarter worth approximately $1,272,000. Sky Investment Group LLC bought a new position in Dell Technologies during the 4th quarter worth approximately $1,687,000. Enclave Advisors LLC acquired a new position in shares of Dell Technologies in the 4th quarter worth approximately $848,000. Empowered Funds LLC boosted its stake in shares of Dell Technologies by 12.9% in the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock valued at $3,502,000 after purchasing an additional 3,470 shares during the last quarter. Finally, Retirement Systems of Alabama acquired a new stake in shares of Dell Technologies during the third quarter worth $7,435,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Trading Up 2.8 %

Shares of DELL stock traded up $2.62 during trading hours on Friday, hitting $94.57. 5,967,016 shares of the company were exchanged, compared to its average volume of 10,402,244. The firm has a fifty day simple moving average of $90.95 and a 200 day simple moving average of $110.12. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70. The stock has a market capitalization of $65.99 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a $0.525 dividend. 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 yield of 2.22%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DELL shares. 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 note on Tuesday, February 18th. Loop Capital dropped their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Morgan Stanley dropped their price target on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Finally, UBS Group reduced their price objective on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research note 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $134.65.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the business's 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 sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. The trade was a 2.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 46.70% of the company's stock.

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).