Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Ossiam

Ossiam raised its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 356.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,361 shares of the technology company's stock after purchasing an additional 7,312 shares during the quarter. Ossiam's holdings in Dell Technologies were worth $1,079,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DELL. Vision Financial Markets LLC purchased a new stake in Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies during the 4th quarter worth about $26,000. Byrne Asset Management LLC purchased a new position in Dell Technologies during the 4th quarter valued at about $28,000. Versant Capital Management Inc grew its position in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in Dell Technologies during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Price Performance

Shares of DELL traded up $0.14 during midday trading on Friday, reaching $94.54. 2,279,377 shares of the stock were exchanged, compared to its average volume of 10,368,179. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The company has a market capitalization of $65.97 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.10 and a beta of 0.94. The business's 50-day moving average price is $93.79 and its 200 day moving average price is $111.43.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.22%. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is currently 33.76%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DELL shares. TD Cowen dropped their price objective 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. Citigroup cut their price objective on Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays lifted their target price on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Loop Capital cut 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, Morgan Stanley decreased their price objective on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $136.41.

Insider Activity

In other news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 46.70% of the company's stock.

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).