Harvest Fund Management Co. Ltd Sells 7,083 Shares of Dell Technologies Inc. (NYSE:DELL)

Harvest Fund Management Co. Ltd reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 93.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 474 shares of the technology company's stock after selling 7,083 shares during the period. Harvest Fund Management Co. Ltd's holdings in Dell Technologies were worth $55,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vision Financial Markets LLC bought a new position in Dell Technologies during the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new position in shares of Dell Technologies in the 4th quarter worth about $28,000. True Wealth Design LLC lifted its stake in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after purchasing an additional 253 shares during the period. Versant Capital Management Inc boosted its position in shares of Dell Technologies by 54.7% during the 4th 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. Finally, Stonebridge Financial Group LLC acquired a new stake in Dell Technologies during the fourth quarter worth approximately $37,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on DELL. Barclays increased their price target on Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, December 2nd. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. Finally, Morgan Stanley reduced 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 report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.24.

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Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction 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 of the company's stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. 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 company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the transaction, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. This represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock worth $100,327,453 in the last ninety days. Company insiders own 46.70% of the company's stock.

Dell Technologies Stock Down 0.9 %

DELL stock traded down $0.86 during trading on Tuesday, reaching $98.95. The stock had a trading volume of 2,807,953 shares, compared to its average volume of 10,064,053. The company has a market capitalization of $69.31 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 1.10 and a beta of 0.83. The company's 50 day moving average is $105.38 and its two-hundred day moving average is $116.61. Dell Technologies Inc. has a one year low of $86.93 and a one year high of $179.70.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is 33.76%.

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).