Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 25.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 866,011 shares of the technology company's stock after purchasing an additional 177,539 shares during the period. Federated Hermes Inc. owned 0.12% of Dell Technologies worth $99,799,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of DELL. Allen Capital Group LLC boosted its stake in Dell Technologies by 3.3% in the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock valued at $338,000 after acquiring an additional 95 shares in the last quarter. Brooklyn Investment Group grew its stake in Dell Technologies by 18.7% during the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock worth $70,000 after buying an additional 96 shares during the last quarter. Sunflower Bank N.A. increased its position in Dell Technologies by 3.1% during the 4th quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company's stock valued at $375,000 after buying an additional 98 shares in the last quarter. Bogart Wealth LLC raised its stake in Dell Technologies by 7.7% in the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock valued at $161,000 after buying an additional 100 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its holdings in Dell Technologies by 23.0% in the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock worth $62,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on DELL. Bank of America dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. UBS Group reduced their price target on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Morgan Stanley reduced their price objective on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. TD Cowen dropped their price objective 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. Finally, OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $141.24.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded down $6.58 during midday trading on Thursday, hitting $77.61. The company's stock had a trading volume of 5,956,294 shares, compared to its average volume of 8,915,927. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70. The company has a market cap of $54.16 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The business's 50 day simple moving average is $98.98 and its 200 day simple moving average is $113.94.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.71%. Dell Technologies's dividend payout ratio is 33.76%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company's stock, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.

Dell Technologies 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).