Boston Partners Trims Holdings in Dell Technologies Inc. (NYSE:DELL)

Boston Partners lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 25.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,820,277 shares of the technology company's stock after selling 1,302,607 shares during the quarter. Boston Partners owned about 0.55% of Dell Technologies worth $440,232,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. State Street Corp raised its position 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 purchasing an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC raised its position 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 purchasing an additional 2,641,456 shares during the last quarter. Bank of New York Mellon Corp raised its position 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 purchasing an additional 1,139,318 shares during the last quarter. Alkeon Capital Management LLC raised its position 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 purchasing an additional 699,204 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 213,240 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts recently commented on DELL shares. Morgan Stanley reduced their price target on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Loop Capital cut their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. The Goldman Sachs Group cut their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Barclays upped their price objective 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. Finally, Melius Research upped their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $141.24.

Dell Technologies Trading Down 1.3 %

Shares of NYSE:DELL traded down $1.30 on Friday, reaching $97.62. 8,908,156 shares of the company were exchanged, compared to its average volume of 10,060,242. The firm has a market cap of $68.38 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 1-year low of $86.93 and a 1-year high of $179.70. The company has a 50-day moving average of $105.59 and a 200-day moving average of $116.57.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors 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 2.15%. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is presently 33.76%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction dated 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. In the last three months, insiders have sold 824,937 shares of company stock valued at $100,327,453. Insiders own 46.70% of the company's stock.

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).