Dell Technologies Inc. (NYSE:DELL) Shares Sold by Belmont Capital LLC

Belmont Capital LLC reduced its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 46.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,000 shares of the technology company's stock after selling 3,500 shares during the period. Belmont Capital LLC's holdings in Dell Technologies were worth $461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DELL. Norges Bank purchased a new stake in shares of Dell Technologies in the fourth quarter worth $455,029,000. Vanguard Group Inc. increased its position in shares of Dell Technologies by 10.5% during 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 during the last quarter. Swedbank AB grew its position 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 acquiring an additional 1,690,709 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of 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 worth $337,796,000 after acquiring an additional 1,139,318 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Dell Technologies by 5,047.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company's stock valued at $131,170,000 after purchasing an additional 1,002,117 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Insider Buying and Selling at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business'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 completion of the sale, the director now owns 23,680 shares of the company's stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DELL. Morgan Stanley lowered their target price on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Bank of America dropped their price objective on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Wells Fargo & Company lowered their price objective 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $136.41.

Dell Technologies Price Performance

Dell Technologies stock traded up $3.17 during mid-day trading on Tuesday, reaching $85.04. 1,871,972 shares of the stock traded hands, compared to its average volume of 8,773,976. The business's 50-day moving average is $95.22 and its 200-day moving average is $111.95. The stock has a market capitalization of $59.34 billion, a PE ratio of 15.02, a price-to-earnings-growth 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 firm also recently disclosed 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. 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.47%. Dell Technologies's payout ratio is presently 33.76%.

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).