Capital World Investors Purchases 72,271 Shares of Dell Technologies Inc. (NYSE:DELL)

Capital World Investors raised its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,460,949 shares of the technology company's stock after buying an additional 72,271 shares during the period. Capital World Investors owned about 1.78% of Dell Technologies worth $1,436,000,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vision Financial Markets LLC bought a new stake in Dell Technologies in the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies in the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the fourth quarter valued at about $28,000. Versant Capital Management Inc boosted its holdings in shares of Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in Dell Technologies in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Analysts Set New Price Targets

DELL has been the topic of a number of research reports. UBS Group dropped their target price on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company lowered their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Loop Capital reduced their target price on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Barclays increased their price objective on 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, Morgan Stanley dropped their target price 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. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $136.41.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 46.70% of the stock is currently owned by insiders.

Dell Technologies Trading Up 7.2 %

NYSE DELL traded up $6.02 during trading hours on Wednesday, hitting $90.10. 5,752,624 shares of the company's stock traded hands, compared to its average volume of 10,366,336. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70. The firm has a market capitalization of $62.88 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.10 and a beta of 0.94. The business's fifty day moving average price is $94.69 and its two-hundred day moving average price is $111.76.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is presently 33.76%.

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).