Dell Technologies Inc. (NYSE:DELL) Shares Bought by Symmetry Investments LP

Symmetry Investments LP grew its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 3,459.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 192,188 shares of the technology company's stock after buying an additional 186,788 shares during the quarter. Dell Technologies accounts for approximately 1.2% of Symmetry Investments LP's portfolio, making the stock its 15th biggest position. Symmetry Investments LP's holdings in Dell Technologies were worth $22,148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Optimist Retirement Group LLC lifted its stake in Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock worth $256,000 after purchasing an additional 463 shares during the last quarter. Virtu Financial LLC purchased a new stake in Dell Technologies during the third quarter worth approximately $894,000. Morse Asset Management Inc lifted its stake in Dell Technologies by 180.1% during the third quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company's stock worth $2,516,000 after purchasing an additional 13,646 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Dell Technologies during the third quarter worth approximately $198,000. Finally, Tidal Investments LLC lifted its stake in Dell Technologies by 49.0% during the third quarter. Tidal Investments LLC now owns 147,383 shares of the technology company's stock worth $17,471,000 after purchasing an additional 48,436 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Performance

DELL stock traded up $0.61 during trading on Friday, reaching $95.01. 4,465,476 shares of the company were exchanged, compared to its average volume of 10,409,956. The company has a market cap of $66.30 billion, a P/E ratio of 16.79, a PEG ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70. The stock's 50 day moving average price is $93.29 and its 200 day moving average price is $111.07.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.21%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is currently 33.76%.

Analyst Ratings Changes

Several research firms recently weighed in on DELL. Bank of America decreased their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price objective on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. 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. TD Cowen reduced their price objective on Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, February 28th. Finally, Barclays boosted their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and an average target price of $136.41.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of Dell Technologies 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 transaction, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 46.70% of the stock is owned by 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).