Dell Technologies Inc. (NYSE:DELL) Holdings Reduced by CSM Advisors LLC

CSM Advisors LLC lowered its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,980 shares of the technology company's stock after selling 3,202 shares during the period. CSM Advisors LLC's holdings in Dell Technologies were worth $13,480,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. Capital World Investors grew its holdings in Dell Technologies by 0.6% in the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after purchasing an additional 72,271 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after buying an additional 552,213 shares in the last quarter. Norges Bank acquired a new position in shares of Dell Technologies during the 4th quarter worth $455,029,000. Finally, Bank of New York Mellon Corp boosted its position in shares of 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 worth $337,796,000 after buying an additional 1,139,318 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Stock Performance

Shares of DELL stock traded up $0.61 during trading hours on Friday, hitting $95.01. 4,465,476 shares of the company were exchanged, compared to its average volume of 10,390,362. The business's 50-day simple moving average is $93.79 and its two-hundred day simple moving average is $111.43. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The stock has a market capitalization of $66.30 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. 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. This represents a $2.10 annualized dividend and a yield of 2.21%. Dell Technologies's dividend payout ratio (DPR) is 33.76%.

Analyst Ratings Changes

A number of equities analysts have issued reports on DELL shares. Bank of America cut their target price 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 decreased their price target on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company decreased their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Citigroup cut their price objective on Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Loop Capital decreased their target price on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $136.41.

Insiders Place Their Bets

In related news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 46.70% of the stock is currently owned by corporate insiders.

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).