Sterling Capital Management LLC Sells 29,352 Shares of Dell Technologies Inc. (NYSE:DELL)

Sterling Capital Management LLC decreased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 89.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,376 shares of the technology company's stock after selling 29,352 shares during the period. Sterling Capital Management LLC's holdings in Dell Technologies were worth $389,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

DELL has been the topic of several research reports. Citigroup lowered their price objective on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group cut their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Morgan Stanley lowered their price objective 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 decreased their price target on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Finally, TD Cowen dropped their price objective on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $136.41.

Dell Technologies Trading Up 8.1 %

Shares of NYSE:DELL traded up $6.80 during mid-day trading on Wednesday, reaching $90.88. The company had a trading volume of 3,423,588 shares, compared to its average volume of 10,358,223. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The company's 50-day moving average price is $94.69 and its 200-day moving average price is $111.76. The firm has a market cap of $63.42 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.10 and a beta of 0.94.

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 paid 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 is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.31%. Dell Technologies's dividend payout ratio is presently 33.76%.

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 in the company, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 46.70% of the stock is currently owned by insiders.

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).