First Trust Advisors LP Purchases 293,274 Shares of Dell Technologies Inc. (NYSE:DELL)

First Trust Advisors LP raised its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 19.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,786,620 shares of the technology company's stock after purchasing an additional 293,274 shares during the quarter. First Trust Advisors LP owned about 0.26% of Dell Technologies worth $205,890,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DELL. Forum Financial Management LP grew its stake in Dell Technologies by 9.9% in the fourth quarter. Forum Financial Management LP now owns 2,477 shares of the technology company's stock worth $285,000 after purchasing an additional 224 shares in the last quarter. GeoWealth Management LLC grew its position in shares of Dell Technologies by 49.1% in the 4th quarter. GeoWealth Management LLC now owns 8,654 shares of the technology company's stock worth $997,000 after acquiring an additional 2,849 shares in the last quarter. Commerce Bank increased its holdings in shares of Dell Technologies by 2.4% in the 4th quarter. Commerce Bank now owns 21,867 shares of the technology company's stock valued at $2,520,000 after acquiring an additional 503 shares during the last quarter. Cadence Bank acquired a new stake in shares of Dell Technologies during the fourth quarter worth $4,945,000. Finally, Capital Group Investment Management PTE. LTD. lifted its position in shares of Dell Technologies by 7.0% in the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 6,318 shares of the technology company's stock worth $728,000 after buying an additional 411 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lowered 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 report on Friday, February 28th. Morgan Stanley cut their price target on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. 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 note on Monday, March 3rd. Finally, TD Cowen lowered their price target on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $136.41.

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 46.70% of the stock is currently owned by insiders.

Dell Technologies Trading Up 4.7 %

Shares of DELL traded up $4.15 during midday trading on Thursday, hitting $93.31. The stock had a trading volume of 3,288,103 shares, compared to its average volume of 10,369,899. The business has a 50-day simple moving average of $94.19 and a two-hundred day simple moving average of $111.60. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70. The firm has a market cap of $65.11 billion, a P/E ratio of 16.50, a price-to-earnings-growth 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. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.25%. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is 33.76%.

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).