Van Den Berg Management I Inc. Acquires New Holdings in Dell Technologies Inc. (NYSE:DELL)

Van Den Berg Management I Inc. acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 34,805 shares of the technology company's stock, valued at approximately $4,011,000.

Several other hedge funds also recently bought and sold shares of the stock. Burns J W & Co. Inc. NY purchased a new stake in shares of Dell Technologies during the fourth quarter worth approximately $1,272,000. Sky Investment Group LLC acquired a new stake in Dell Technologies during the 4th quarter worth approximately $1,687,000. Enclave Advisors LLC acquired a new position in shares of Dell Technologies in the fourth quarter valued at approximately $848,000. Empowered Funds LLC grew its position in Dell Technologies by 12.9% in the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock valued at $3,502,000 after buying an additional 3,470 shares during the last quarter. Finally, Retirement Systems of Alabama acquired a new position in Dell Technologies in the 3rd quarter valued at $7,435,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Trading Down 1.5 %

NYSE:DELL traded down $1.46 during trading hours on Monday, hitting $93.44. The stock had a trading volume of 1,944,353 shares, compared to its average volume of 10,376,465. The company has a market cap of $65.20 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The business has a 50 day simple moving average of $93.29 and a two-hundred day simple moving average of $111.07. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $179.70.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a $0.525 dividend. 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 2.25%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is currently 33.76%.

Insider Buying and Selling at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 46.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on DELL shares. Barclays lifted their target price 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. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. TD Cowen cut their target price 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. Loop Capital decreased their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Finally, Citigroup cut their price objective on Dell Technologies from $145.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $134.65.

Dell Technologies Profile

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).