FIL Ltd Sells 207,757 Shares of Dell Technologies Inc. (NYSE:DELL)

FIL Ltd lessened its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 93.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,787 shares of the technology company's stock after selling 207,757 shares during the period. FIL Ltd's holdings in Dell Technologies were worth $1,704,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Allen Capital Group LLC raised its position in shares of Dell Technologies by 3.3% in the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock worth $338,000 after acquiring an additional 95 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Dell Technologies by 18.7% in the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock valued at $70,000 after acquiring an additional 96 shares in the last quarter. Sunflower Bank N.A. boosted its stake in Dell Technologies by 3.1% during the fourth quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company's stock worth $375,000 after acquiring an additional 98 shares in the last quarter. Bogart Wealth LLC increased 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 purchasing an additional 100 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its stake in Dell Technologies by 23.0% during the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock worth $62,000 after buying an additional 100 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 subject of a number of recent research reports. Morgan Stanley decreased their price target on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Bank of America lowered their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. TD Cowen cut their target price on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. Finally, The Goldman Sachs Group lowered their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $138.88.

Insider Activity

In related news, CAO Brunilda Rios sold 926 shares of the 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 directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 46.70% of the company's stock.

Dell Technologies Price Performance

Dell Technologies stock traded down $2.04 during mid-day trading on Wednesday, reaching $83.45. The stock had a trading volume of 5,156,227 shares, compared to its average volume of 10,367,066. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The company has a 50-day moving average price of $97.36 and a two-hundred day moving average price of $112.88. The company has a market capitalization of $58.23 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The business 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 $0.525 dividend. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.52%. 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).