Siemens Fonds Invest GmbH Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

Siemens Fonds Invest GmbH boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 688.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,294 shares of the technology company's stock after acquiring an additional 20,341 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Dell Technologies were worth $2,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Dell Technologies in the fourth quarter worth about $455,029,000. Vanguard Group Inc. lifted its holdings in Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after acquiring an additional 2,662,407 shares during the period. Michael & Susan Dell Foundation purchased a new stake in Dell Technologies during the fourth quarter valued at approximately $265,052,000. Janus Henderson Group PLC raised its stake in shares of Dell Technologies by 160.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after buying an additional 1,865,013 shares during the period. Finally, Swedbank AB boosted its position in shares of Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after purchasing an additional 1,690,709 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Activity

In related news, CAO Brunilda Rios sold 926 shares of Dell Technologies 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 of the company's stock, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 46.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DELL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Morgan Stanley reduced their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Finally, Barclays lifted their price target on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Three research 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 company currently has an average rating of "Moderate Buy" and an average price target of $133.71.

Dell Technologies Stock Performance

DELL stock opened at $110.80 on Friday. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70. The stock has a market capitalization of $77.32 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.10 and a beta of 0.99. The stock's fifty day moving average is $91.37 and its two-hundred day moving average is $108.73.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.90%. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Tuesday, April 22nd. Dell Technologies's payout ratio is presently 33.76%.

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).

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