JBF Capital Inc. Lowers Position in Dell Technologies Inc. (NYSE:DELL)

JBF Capital Inc. lowered its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 60.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,000 shares of the technology company's stock after selling 45,000 shares during the quarter. Dell Technologies makes up about 0.6% of JBF Capital Inc.'s holdings, making the stock its 20th biggest holding. JBF Capital Inc.'s holdings in Dell Technologies were worth $3,457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. Capital World Investors boosted its stake in Dell Technologies by 0.6% in the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after acquiring an additional 72,271 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after purchasing an additional 552,213 shares in the last quarter. Norges Bank purchased a new position in Dell Technologies during the 4th quarter worth approximately $455,029,000. Finally, Bank of New York Mellon Corp lifted its stake in Dell Technologies by 63.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company's stock valued at $337,796,000 after buying an additional 1,139,318 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Trading Up 4.7 %

Shares of NYSE DELL traded up $4.20 during trading on Thursday, reaching $93.36. The company had a trading volume of 3,713,936 shares, compared to its average volume of 8,738,817. The stock has a market capitalization of $65.15 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The stock has a 50-day moving average price of $94.19 and a two-hundred day moving average price of $111.60.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.25%. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is 33.76%.

Insider Transactions at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 46.70% of the company's stock.

Analyst Ratings Changes

DELL has been the subject of a number of recent research reports. TD Cowen decreased 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 note on Friday, February 28th. The Goldman Sachs Group decreased their price objective 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. Barclays lifted their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Morgan Stanley lowered their target price on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Finally, UBS Group lowered their price objective on Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $136.41.

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).