Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 44.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,248 shares of the technology company's stock after buying an additional 59,062 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Dell Technologies were worth $22,155,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in DELL. State Street Corp raised its holdings in shares of Dell Technologies by 92.4% during the 3rd 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 period. Geode Capital Management LLC grew 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 valued at $746,596,000 after acquiring an additional 2,641,456 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Dell Technologies by 63.6% during 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 purchasing an additional 1,139,318 shares during the period. Alkeon Capital Management LLC lifted its position in shares of Dell Technologies by 48.3% during the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company's stock worth $254,479,000 after purchasing an additional 699,204 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 valued at $223,417,000 after purchasing an additional 213,240 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on DELL shares. Loop Capital dropped their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. cut 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. Melius Research increased their price target on Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. 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, Mizuho reduced their target price on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $141.24.
Get Our Latest Report on DELL
Dell Technologies Price Performance
Dell Technologies stock opened at $91.62 on Wednesday. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70. The stock has a market capitalization of $64.18 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The firm has a 50 day simple moving average of $109.17 and a 200-day simple moving average of $117.54.
Dell Technologies Increases Dividend
The company also recently disclosed 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 2.29%. The ex-dividend date is Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is currently 33.76%.
Insider Activity
In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company's stock in a transaction 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 owns 810,657 shares of the company's stock, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Monday, December 16th. The shares were 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 $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 825,662 shares of company stock worth $100,414,453 over the last 90 days. 46.70% of the stock is currently owned by company insiders.
About Dell Technologies
(
Free Report)
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).
See Also
Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELL - Free Report).
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