Arjuna Capital Takes $404,000 Position in Dell Technologies Inc. (NYSE:DELL)

Arjuna Capital purchased a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,502 shares of the technology company's stock, valued at approximately $404,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp increased its stake in Dell Technologies by 92.4% in the 3rd 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 during the period. Geode Capital Management LLC increased its stake 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 valued at $746,596,000 after buying an additional 2,641,456 shares during the period. Bank of New York Mellon Corp increased 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 buying an additional 1,139,318 shares during the period. Alkeon Capital Management LLC increased its stake in Dell Technologies by 48.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company's stock valued at $254,479,000 after buying an additional 699,204 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Dell Technologies by 12.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,938,713 shares of the technology company's stock valued at $223,417,000 after buying an additional 213,240 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DELL shares. The Goldman Sachs Group lowered 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. Wells Fargo & Company lowered their price target 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. Mizuho lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 27th. Barclays upped 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 note on Friday, February 28th. Finally, Citigroup lowered their price target on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $141.24.

Dell Technologies Trading Down 1.8 %

Shares of Dell Technologies stock traded down $1.65 during mid-day trading on Friday, hitting $91.37. 10,145,558 shares of the stock were exchanged, compared to its average volume of 8,892,221. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The stock has a market capitalization of $64.00 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The company has a 50-day simple moving average of $110.13 and a 200 day simple moving average of $117.77.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a $0.525 dividend. 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. This represents a $2.10 annualized dividend and a dividend yield of 2.30%. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction that occurred 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 approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 825,662 shares of company stock valued at $100,414,453. Insiders own 46.70% of the company's stock.

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).