Schonfeld Strategic Advisors LLC lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 89.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,547 shares of the technology company's stock after selling 226,668 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Dell Technologies were worth $3,175,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Dell Technologies in the third quarter valued at $198,000. Franklin Resources Inc. raised its stake in shares of Dell Technologies by 5,047.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company's stock valued at $131,170,000 after buying an additional 1,002,117 shares in the last quarter. Retirement Systems of Alabama bought a new position in shares of Dell Technologies during the 3rd quarter worth about $7,435,000. Principal Financial Group Inc. boosted its position in shares of Dell Technologies by 59.3% during the 3rd quarter. Principal Financial Group Inc. now owns 459,333 shares of the technology company's stock valued at $54,449,000 after acquiring an additional 170,984 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Dell Technologies by 54.7% in the fourth 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 during the period. 76.37% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 46.70% of the company's stock.
Dell Technologies Price Performance
Shares of Dell Technologies stock traded up $1.84 during trading on Wednesday, hitting $95.79. 5,211,589 shares of the company were exchanged, compared to its average volume of 10,385,507. The firm has a market capitalization of $66.85 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The firm's fifty day moving average price is $90.25 and its 200 day moving average price is $109.54. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $179.70.
Dell Technologies Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.19%. The ex-dividend date was Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is presently 33.76%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on DELL shares. Loop Capital decreased their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Citigroup lowered their price target 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. Bank of America cut their price objective on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. UBS Group lowered their target price on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Barclays lifted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report 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 MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.65.
Check Out Our Latest Stock Report on DELL
About Dell Technologies
(
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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