Dell Technologies Inc. (NYSE:DELL) Stock Holdings Cut by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 24.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,049,643 shares of the technology company's stock after selling 650,112 shares during the quarter. Legal & General Group Plc owned 0.29% of Dell Technologies worth $236,201,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DELL. Invesco Ltd. lifted its stake in Dell Technologies by 2.4% in the fourth quarter. Invesco Ltd. now owns 2,450,065 shares of the technology company's stock worth $282,346,000 after acquiring an additional 57,681 shares during the last quarter. Garrison Point Advisors LLC purchased a new stake in shares of Dell Technologies during the 4th quarter worth $649,000. Westwood Wealth Management acquired a new position in shares of Dell Technologies during the fourth quarter worth $288,000. Polymer Capital Management HK LTD raised its stake in Dell Technologies by 139.3% in the fourth quarter. Polymer Capital Management HK LTD now owns 41,397 shares of the technology company's stock valued at $4,771,000 after buying an additional 24,097 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Dell Technologies by 25.8% during the 4th quarter. Federated Hermes Inc. now owns 866,011 shares of the technology company's stock worth $99,799,000 after buying an additional 177,539 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DELL. Morgan Stanley cut their target price on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Bank of America reduced their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Barclays lifted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. The Goldman Sachs Group decreased their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, Citigroup cut their target price on Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $141.24.

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Dell Technologies Stock Performance

DELL traded up $3.02 during trading on Friday, reaching $81.96. The company's stock had a trading volume of 8,655,172 shares, compared to its average volume of 10,381,738. The company has a market capitalization of $57.19 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The company's fifty day moving average price is $98.16 and its 200-day moving average price is $113.31. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70.

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 issued a dividend of $0.525 per share. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares of the company's stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now directly 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 disclosure for this sale can be found here. 46.70% of the stock is owned by corporate 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).