Fisher Asset Management LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Fisher Asset Management LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,945 shares of the technology company's stock, valued at approximately $685,000.

Other large investors have also recently bought and sold shares of the company. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $28,000. True Wealth Design LLC lifted its position 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 valued at $31,000 after buying an additional 253 shares during the last quarter. Covestor Ltd lifted its position in shares of Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company's stock valued at $35,000 after buying an additional 218 shares during the last quarter. Versant Capital Management Inc lifted 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 buying an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of Dell Technologies during the fourth quarter worth approximately $37,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Down 1.8 %

Shares of DELL traded down $1.65 during midday trading on Friday, hitting $91.37. The company's stock had a trading volume of 10,145,558 shares, compared to its average volume of 8,892,221. Dell Technologies Inc. has a one year low of $86.93 and a one year high of $179.70. The company's fifty day simple moving average is $110.13 and its two-hundred day simple moving average is $117.81. The stock has a market capitalization of $64.00 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

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Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. 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. This represents a $2.10 annualized dividend and a dividend yield of 2.30%. Dell Technologies's dividend payout ratio (DPR) is presently 33.76%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now owns 23,680 shares of the company's stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 825,662 shares of company stock worth $100,414,453. Insiders own 46.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Evercore ISI reiterated an "outperform" rating and set a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lowered their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Bank of America lowered their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Melius Research increased their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Finally, Citigroup lowered their target price on Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $141.24.

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).