APG Asset Management US Inc. Cuts Holdings in Dell Technologies Inc. (NYSE:DELL)

APG Asset Management US Inc. lessened its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 53.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,985 shares of the technology company's stock after selling 11,248 shares during the quarter. APG Asset Management US Inc.'s holdings in Dell Technologies were worth $1,151,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DELL. Norges Bank acquired a new stake in Dell Technologies in the fourth quarter valued at approximately $455,029,000. Vanguard Group Inc. grew 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 acquiring an additional 2,662,407 shares during the period. Geode Capital Management LLC increased its holdings in Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock worth $746,596,000 after acquiring an additional 2,641,456 shares in the last quarter. Swedbank AB lifted its holdings in Dell Technologies by 803.6% during the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock valued at $219,084,000 after purchasing an additional 1,690,709 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Dell Technologies by 63.6% in the fourth 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 purchasing an additional 1,139,318 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

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Insider Activity at Dell Technologies

In other 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 value of $86,386.54. Following the transaction, the chief accounting officer now 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.

Dell Technologies Price Performance

Shares of NYSE:DELL traded up $2.80 during trading on Monday, hitting $84.73. 6,699,636 shares of the company were exchanged, compared to its average volume of 10,368,648. The firm's 50 day moving average price is $98.16 and its 200-day moving average price is $113.31. The stock has a market capitalization of $59.13 billion, a P/E ratio of 14.97, a PEG ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70.

Dell Technologies Increases Dividend

The company 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 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 dividend yield of 2.48%. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is 33.76%.

Wall Street Analyst Weigh In

DELL has been the subject of several research reports. JPMorgan Chase & Co. cut their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Barclays increased 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. Wells Fargo & Company dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. The Goldman Sachs Group decreased their price target on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Finally, TD Cowen dropped their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Dell Technologies 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).