Allianz SE Acquires Shares of 13,429 Dell Technologies Inc. (NYSE:DELL)

Allianz SE purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,429 shares of the technology company's stock, valued at approximately $1,542,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DELL. Optimist Retirement Group LLC lifted its position in shares of Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock worth $256,000 after buying an additional 463 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Dell Technologies by 529.6% during the third quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company's stock worth $1,661,000 after acquiring an additional 11,783 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Dell Technologies by 674.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 174,635 shares of the technology company's stock worth $20,701,000 after purchasing an additional 152,076 shares during the period. Townsquare Capital LLC bought a new position in Dell Technologies during the third quarter valued at about $557,000. Finally, Freedom Investment Management Inc. increased its holdings in Dell Technologies by 48.5% during the third quarter. Freedom Investment Management Inc. now owns 2,754 shares of the technology company's stock worth $326,000 after buying an additional 900 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the transaction, the director now directly owns 810,657 shares of the company's stock, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares of the company's stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock valued at $100,327,453 in the last quarter. Insiders own 46.70% of the company's stock.

Dell Technologies Stock Down 1.2 %

NYSE:DELL traded down $1.14 during trading hours on Monday, hitting $91.15. 7,260,827 shares of the company's stock traded hands, compared to its average volume of 10,248,196. The firm has a market cap of $63.85 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.10 and a beta of 0.83. The business's fifty day simple moving average is $104.31 and its two-hundred day simple moving average is $116.33. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is currently 33.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Bank of America dropped their price target on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group cut their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company dropped their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Finally, Loop Capital reduced their target price on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $141.24.

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).