Allspring Global Investments Holdings LLC Has $5.29 Million Stake in Dell Technologies Inc. (NYSE:DELL)

Allspring Global Investments Holdings LLC lifted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 1,229.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,102 shares of the technology company's stock after buying an additional 63,905 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Dell Technologies were worth $5,286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James & Associates boosted its holdings in shares of Dell Technologies by 27.2% in the fourth quarter. Raymond James & Associates now owns 273,676 shares of the technology company's stock valued at $20,936,000 after purchasing an additional 58,590 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Dell Technologies by 158.3% in the 4th quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company's stock worth $17,762,000 after buying an additional 142,337 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Dell Technologies by 1,475.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company's stock worth $22,230,000 after buying an additional 272,144 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Dell Technologies by 13.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,380 shares of the technology company's stock valued at $6,226,000 after buying an additional 9,538 shares during the period. Finally, AustralianSuper Pty Ltd lifted its stake in Dell Technologies by 14.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,339,514 shares of the technology company's stock worth $102,473,000 after acquiring an additional 164,930 shares during the period. Hedge funds and other institutional investors own 38.10% of the company's stock.

Wall Street Analysts Forecast Growth

DELL has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on Dell Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. Loop Capital started coverage on shares of Dell Technologies in a research report on Wednesday, February 28th. They set a "buy" rating and a $125.00 target price for the company. Morgan Stanley upped their price target on Dell Technologies from $100.00 to $128.00 and gave the stock an "overweight" rating in a research report on Friday, March 1st. Wells Fargo & Company upped their target price on Dell Technologies from $85.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, March 1st. Finally, Sanford C. Bernstein boosted their price target on Dell Technologies from $90.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $104.63.

Dell Technologies Stock Performance

Shares of Dell Technologies stock traded down $3.52 on Friday, hitting $114.85. The company's stock had a trading volume of 9,424,211 shares, compared to its average volume of 7,246,981. The company has a market capitalization of $81.98 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.51 and a beta of 0.92. The firm has a fifty day moving average price of $108.95 and a 200-day moving average price of $86.22. Dell Technologies Inc. has a 1 year low of $41.47 and a 1 year high of $136.16.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The business had revenue of $22.32 billion during the quarter, compared to analysts' expectations of $22.17 billion. During the same period in the previous year, the business earned $1.55 earnings per share. The business's revenue was down 10.9% compared to the same quarter last year. As a group, analysts forecast that Dell Technologies Inc. will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be issued a $0.445 dividend. This is an increase from Dell Technologies's previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.55%. Dell Technologies's dividend payout ratio is presently 33.87%.

Insiders Place Their Bets

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the transaction, the director now owns 535,816 shares of the company's stock, valued at $71,997,595.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the transaction, the director now directly owns 535,816 shares in the company, valued at approximately $71,997,595.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the completion of the sale, the insider now owns 206,961 shares of the company's stock, valued at approximately $24,856,016.10. The disclosure for this sale can be found here. Insiders have sold 6,382,204 shares of company stock valued at $718,452,037 in the last ninety days. 48.60% of the stock is currently owned by corporate insiders.

About Dell Technologies

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).