KLP Kapitalforvaltning AS Buys Shares of 114,000 Dell Technologies Inc. (NYSE:DELL)

KLP Kapitalforvaltning AS purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 114,000 shares of the technology company's stock, valued at approximately $13,137,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Allen Capital Group LLC raised its stake in Dell Technologies by 3.3% in the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock worth $338,000 after buying an additional 95 shares in the last quarter. Brooklyn Investment Group increased its holdings 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 during the period. Sunflower Bank N.A. raised its position in shares of Dell Technologies by 3.1% in the 4th 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 lifted its stake in shares of Dell Technologies by 7.7% during the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock worth $161,000 after purchasing an additional 100 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its position in Dell Technologies by 23.0% during the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock valued at $62,000 after purchasing an additional 100 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

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Dell Technologies Stock Down 1.1 %

Shares of DELL stock traded down $1.09 on Tuesday, hitting $98.72. The company had a trading volume of 4,801,563 shares, compared to its average volume of 10,079,763. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The firm has a market cap of $69.15 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The company has a 50-day moving average price of $105.38 and a 200-day moving average price of $116.61.

Dell Technologies Increases Dividend

The business also recently disclosed 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 represents a $2.10 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is currently 33.76%.

Analyst Upgrades and Downgrades

Several analysts have commented on DELL shares. Mizuho decreased their price target on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Wednesday, November 27th. Barclays increased their target price 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. Citigroup cut their price target on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, February 21st. JPMorgan Chase & Co. 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 Tuesday, February 11th. Finally, Morgan Stanley decreased their price target on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and an average target price of $141.24.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock valued at $100,327,453 in the last 90 days. 46.70% of the stock is currently owned by company insiders.

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).