BI Asset Management Fondsmaeglerselskab A S Cuts Stake in Dell Technologies Inc. (NYSE:DELL)

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 30.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,289 shares of the technology company's stock after selling 42,344 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Dell Technologies were worth $10,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in DELL. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies during the 4th quarter valued at $26,000. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies in the 4th quarter worth about $28,000. Versant Capital Management Inc lifted its holdings in shares of Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Dell Technologies during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Insiders Place Their Bets

In other news, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The shares were 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 $3,540,168.92. This represents a 2.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 46.70% of the company's stock.

Dell Technologies Trading Up 6.1 %

Shares of DELL stock traded up $5.11 during trading hours on Wednesday, reaching $89.19. The stock had a trading volume of 8,354,815 shares, compared to its average volume of 10,376,209. The stock's fifty day simple moving average is $94.69 and its 200 day simple moving average is $111.76. The firm has a market capitalization of $62.24 billion, a PE ratio of 15.76, 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 declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.35%. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is presently 33.76%.

Analyst Ratings Changes

Several analysts have recently issued reports on DELL shares. Citigroup reduced their target price on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company decreased their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their target price on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group decreased their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Finally, OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Three investment 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 a consensus price target of $136.41.

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).