APG Asset Management N.V. Acquires 152,298 Shares of Dell Technologies Inc. (NYSE:DELL)

APG Asset Management N.V. raised its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 139.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,692 shares of the technology company's stock after acquiring an additional 152,298 shares during the quarter. APG Asset Management N.V.'s holdings in Dell Technologies were worth $29,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vision Financial Markets LLC acquired a new position in Dell Technologies during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies in the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc grew its holdings in Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock worth $36,000 after acquiring an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Dell Technologies during the 4th quarter valued at $37,000. 76.37% of the stock is owned by institutional investors.

Dell Technologies Price Performance

NYSE:DELL traded up $3.02 on Friday, hitting $81.96. 8,655,172 shares of the company's stock were exchanged, compared to its average volume of 10,381,738. The company has a market cap of $57.19 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The firm has a 50-day moving average price of $98.16 and a 200-day moving average price of $113.31. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70.

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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 2.56%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

Insiders Place Their Bets

In related news, CAO Brunilda Rios sold 926 shares of the business'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 transaction, the chief accounting officer now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company's stock, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group decreased 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. Bank of America lowered their price target 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. Wells Fargo & Company reduced their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Finally, Barclays lifted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $141.24.

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).