Northwest & Ethical Investments L.P. Buys 3,208 Shares of Dell Technologies Inc. (NYSE:DELL)

Northwest & Ethical Investments L.P. boosted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,169 shares of the technology company's stock after purchasing an additional 3,208 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Dell Technologies were worth $3,246,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth $28,000. True Wealth Design LLC boosted its holdings in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock worth $31,000 after acquiring an additional 253 shares during the period. Versant Capital Management Inc raised its stake in shares of Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after purchasing an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in Dell Technologies during the 4th quarter worth about $37,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Shares of DELL stock traded down $1.09 on Tuesday, hitting $98.72. 4,801,563 shares of the company's stock traded hands, compared to its average volume of 10,064,053. The stock has a market capitalization of $69.15 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 1.10 and a beta of 0.83. The company's fifty day simple moving average is $105.38 and its 200 day simple moving average is $116.61. Dell Technologies Inc. has a one year low of $86.93 and a one year high of $179.70.

Remove Ads

Dell Technologies Increases Dividend

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

Wall Street Analysts Forecast Growth

DELL has been the topic of several analyst reports. Morgan Stanley decreased their price target on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Mizuho decreased their target price on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Wednesday, November 27th. Bank of America reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. TD Cowen lowered their price objective on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. 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 Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.24.

Insider Activity at Dell Technologies

In related 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 value of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company's stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company's stock in a transaction that occurred on 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 transaction, the director now directly owns 810,657 shares of the company's stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 824,937 shares of company stock worth $100,327,453 in the last ninety days. 46.70% of the stock is owned by company 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).