Transamerica Financial Advisors Inc. Purchases 33,124 Shares of Dell Technologies Inc. (NYSE:DELL)

Transamerica Financial Advisors Inc. raised its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 3,312,400.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,125 shares of the technology company's stock after purchasing an additional 33,124 shares during the quarter. Transamerica Financial Advisors Inc.'s holdings in Dell Technologies were worth $3,818,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DELL. Optimist Retirement Group LLC boosted its holdings in Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock valued at $256,000 after acquiring an additional 463 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Dell Technologies by 529.6% during the third 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. Quest Partners LLC boosted its position in shares of Dell Technologies by 17.0% in the third quarter. Quest Partners LLC now owns 1,383 shares of the technology company's stock valued at $164,000 after acquiring an additional 201 shares during the period. Cerity Partners LLC grew its stake in shares of Dell Technologies by 159.2% in the third quarter. Cerity Partners LLC now owns 42,476 shares of the technology company's stock worth $5,035,000 after acquiring an additional 26,086 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Dell Technologies by 674.1% during the third quarter. The Manufacturers Life Insurance Company now owns 174,635 shares of the technology company's stock worth $20,701,000 after acquiring an additional 152,076 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

DELL has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft decreased their target price on Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a research report on Monday, December 2nd. JPMorgan Chase & Co. reduced their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group lowered their price objective 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, Morgan Stanley reduced their target price 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. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and an average price target of $141.24.

Insider Activity

In other Dell Technologies news, 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 value of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company'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 completion of the sale, the director now owns 810,657 shares of the company's stock, valued at $100,943,009.64. This represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Price Performance

Shares of NYSE:DELL traded down $1.14 during trading on Monday, reaching $91.15. The stock had a trading volume of 4,975,093 shares, compared to its average volume of 10,241,476. The stock has a market capitalization of $63.85 billion, a PE ratio of 16.05, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70. The business's 50-day moving average price is $104.31 and its 200 day moving average price is $116.33.

Dell Technologies Increases Dividend

The firm 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 dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is presently 33.76%.

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).