Advisors Asset Management Inc. Buys 13,431 Shares of Dell Technologies Inc. (NYSE:DELL)

Advisors Asset Management Inc. increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 41.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,985 shares of the technology company's stock after purchasing an additional 13,431 shares during the quarter. Advisors Asset Management Inc.'s holdings in Dell Technologies were worth $5,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Optimist Retirement Group LLC grew its stake in shares of Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock worth $256,000 after acquiring an additional 463 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in Dell Technologies by 18.4% in the third quarter. OneDigital Investment Advisors LLC now owns 3,998 shares of the technology company's stock worth $474,000 after purchasing an additional 622 shares during the last quarter. Natixis Advisors LLC grew its position in Dell Technologies by 7.3% in the 3rd quarter. Natixis Advisors LLC now owns 143,063 shares of the technology company's stock worth $16,959,000 after purchasing an additional 9,782 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Dell Technologies by 910.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 35,375 shares of the technology company's stock valued at $4,193,000 after buying an additional 31,873 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Dell Technologies by 529.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company's stock worth $1,661,000 after buying an additional 11,783 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

DELL has been the topic of a number of research reports. UBS Group dropped their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Mizuho dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 27th. TD Cowen reduced their price objective on Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, February 28th. Morgan Stanley decreased their target price on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Finally, Citigroup cut their price target on Dell Technologies from $156.00 to $145.00 and set a "buy" rating for the company in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.24.

Insider Buying and Selling

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business'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 sale, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. The trade was a 28.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the 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 directly owns 23,680 shares of the company's stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 824,937 shares of company stock worth $100,327,453. Corporate insiders own 46.70% of the company's stock.

Dell Technologies Trading Up 2.3 %

DELL traded up $2.25 during trading on Monday, hitting $99.82. 6,484,363 shares of the company traded hands, compared to its average volume of 10,067,342. The company has a market cap of $69.92 billion, a PE ratio of 17.64, a P/E/G ratio of 1.10 and a beta of 0.83. The stock's 50-day simple moving average is $105.59 and its two-hundred day simple moving average is $116.66. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70.

Dell Technologies Increases Dividend

The company also recently announced 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. This represents a $2.10 annualized dividend and a dividend yield of 2.10%. 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 payout ratio is 33.76%.

Dell Technologies Company Profile

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).