Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 8.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,870,042 shares of the technology company's stock after acquiring an additional 552,213 shares during the quarter. Geode Capital Management LLC owned 0.98% of Dell Technologies worth $789,680,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. State Street Corp grew its position 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 worth $1,513,401,000 after buying an additional 6,131,507 shares in the last quarter. Norges Bank purchased a new stake in shares of Dell Technologies during the fourth quarter worth approximately $455,029,000. Bank of New York Mellon Corp raised its holdings in 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 valued at $337,796,000 after acquiring an additional 1,139,318 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Dell Technologies by 12.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,938,713 shares of the technology company's stock worth $223,417,000 after acquiring an additional 213,240 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DELL shares. Wells Fargo & Company reduced their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. 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 report on Thursday, February 13th. The Goldman Sachs Group cut their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Finally, Citigroup lowered 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 analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $141.24.

Dell Technologies Stock Down 7.3 %

DELL traded down $5.66 on Friday, hitting $71.57. 17,401,326 shares of the company traded hands, compared to its average volume of 10,279,399. Dell Technologies Inc. has a 12-month low of $69.42 and a 12-month high of $179.70. The company has a 50 day moving average of $101.57 and a 200-day moving average of $115.31. The stock has a market capitalization of $50.13 billion, a PE ratio of 12.64, a PEG ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued 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 dividend yield of 2.93%. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was 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 of the company's stock, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 825,863 shares of company stock worth $100,413,839 in the last three months. Insiders own 46.70% of the company's stock.

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).