Dell Technologies Inc. (NYSE:DELL) is Kendall Capital Management's 10th Largest Position

Kendall Capital Management raised its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,950 shares of the technology company's stock after buying an additional 7,830 shares during the quarter. Dell Technologies comprises 1.7% of Kendall Capital Management's portfolio, making the stock its 10th largest position. Kendall Capital Management's holdings in Dell Technologies were worth $5,641,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DELL. State Street Corp grew its holdings in shares of Dell Technologies by 92.4% during the third 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 increased its position in shares of Dell Technologies by 71.8% during 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 period. Swedbank AB boosted its stake in shares of Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after acquiring an additional 1,690,709 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Dell Technologies by 63.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company's stock worth $337,796,000 after buying an additional 1,139,318 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Dell Technologies by 5,047.4% during the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company's stock worth $131,170,000 after acquiring an additional 1,002,117 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

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Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares of the company's stock, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $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 worth $100,414,453. Corporate insiders own 46.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup cut their target price on Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Evercore ISI reissued an "outperform" rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Melius Research boosted 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. JPMorgan Chase & Co. dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. Finally, Bank of America reduced their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $141.24.

Dell Technologies Price Performance

DELL stock traded down $1.65 on Friday, reaching $91.37. 10,145,558 shares of the company traded hands, compared to its average volume of 8,892,221. Dell Technologies Inc. has a one year low of $86.93 and a one year high of $179.70. The company has a market cap of $64.00 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The firm has a fifty day simple moving average of $110.13 and a 200-day simple moving average of $117.81.

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 dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.30%. Dell Technologies's payout ratio is 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).