DnB Asset Management AS Acquires 7,893 Shares of Dell Technologies Inc. (NYSE:DELL)

DnB Asset Management AS increased its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,288 shares of the technology company's stock after buying an additional 7,893 shares during the period. DnB Asset Management AS's holdings in Dell Technologies were worth $9,598,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DELL. Vision Financial Markets LLC purchased a new stake in Dell Technologies during the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies during the 4th quarter valued at $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. Finally, Versant Capital Management Inc grew its position in shares of Dell Technologies by 54.7% in the fourth 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 in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Trading Down 1.2 %

Shares of DELL stock traded down $1.14 during trading hours on Monday, hitting $91.15. 7,260,827 shares of the company's stock were exchanged, compared to its average volume of 10,248,183. The company has a market capitalization of $63.85 billion, a PE ratio of 16.10, a PEG ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70. The business's 50 day simple moving average is $104.31 and its 200-day simple moving average is $116.33.

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Dell Technologies Increases Dividend

The firm also recently declared 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. This represents a $2.10 annualized dividend and a yield of 2.30%. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is presently 33.76%.

Analysts Set New Price Targets

Several research analysts have commented on DELL shares. Wells Fargo & Company cut their target price 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. Bank of America reduced their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Citigroup lowered their target price on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Finally, Loop Capital lowered their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $141.24.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, 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 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).