Dell Technologies Inc. (NYSE:DELL) Stake Increased by Alliancebernstein L.P.

Alliancebernstein L.P. raised its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 123.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 788,950 shares of the technology company's stock after buying an additional 435,516 shares during the period. Alliancebernstein L.P. owned approximately 0.11% of Dell Technologies worth $90,919,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DELL. Vanguard Group Inc. increased its stake in Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. State Street Corp increased its position in shares of Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company's stock valued at $1,513,401,000 after buying an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock worth $746,596,000 after buying an additional 2,641,456 shares during the last quarter. Norges Bank purchased a new stake in shares of Dell Technologies in the 4th quarter worth about $455,029,000. Finally, Bank of New York Mellon Corp grew its stake in Dell Technologies by 63.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company's stock valued at $337,796,000 after acquiring an additional 1,139,318 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

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Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares of the company's stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares of the company's stock, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 825,863 shares of company stock worth $100,413,839. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Stock Down 7.3 %

Shares of DELL stock traded down $5.66 during mid-day trading on Friday, reaching $71.57. The company's stock had a trading volume of 17,401,326 shares, compared to its average volume of 10,279,399. The company's 50 day simple moving average is $101.57 and its 200-day simple moving average is $115.31. Dell Technologies Inc. has a 12-month low of $69.42 and a 12-month high of $179.70. The firm has a market capitalization of $50.13 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.93%. Dell Technologies's dividend payout ratio is presently 33.76%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DELL. UBS Group reduced their price target 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. Bank of America cut their price target on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. TD Cowen decreased their price objective on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Finally, Morgan Stanley decreased their price target on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $141.24.

Dell Technologies Company 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).