Mizuho Securities USA LLC Has $3.36 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Mizuho Securities USA LLC boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 56.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,112 shares of the technology company's stock after purchasing an additional 10,458 shares during the quarter. Mizuho Securities USA LLC's holdings in Dell Technologies were worth $3,355,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DELL. State Street Corp raised 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 valued at $1,513,401,000 after buying an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC lifted its position in Dell Technologies by 71.8% in the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock worth $746,596,000 after purchasing an additional 2,641,456 shares during the period. Swedbank AB boosted its stake in Dell Technologies by 803.6% during the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after buying an additional 1,690,709 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Dell Technologies by 63.6% in the 4th 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 buying an additional 1,139,318 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Dell Technologies by 5,047.4% during the 3rd 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 during the period. 76.37% of the stock is owned by institutional investors.

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Insider Activity

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 824,937 shares of company stock valued at $100,327,453. 46.70% of the stock is currently owned by insiders.

Dell Technologies Price Performance

Shares of NYSE DELL traded down $1.12 during midday trading on Tuesday, hitting $98.69. The stock had a trading volume of 2,981,125 shares, compared to its average volume of 10,064,053. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70. The firm has a market cap of $69.13 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The company's 50-day simple moving average is $105.38 and its 200 day simple moving average is $116.61.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.13%. Dell Technologies's dividend payout ratio is presently 33.76%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Mizuho cut their price target on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, November 27th. JPMorgan Chase & Co. decreased their price target on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company dropped their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. 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 issued a buy rating to the company's stock. According to MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.24.

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).