Ossiam Has $1.08 Million Position in Dell Technologies Inc. (NYSE:DELL)

Ossiam raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 356.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,361 shares of the technology company's stock after acquiring an additional 7,312 shares during the period. Ossiam's holdings in Dell Technologies were worth $1,079,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Burns J W & Co. Inc. NY acquired a new stake in Dell Technologies during the fourth quarter valued at approximately $1,272,000. Sky Investment Group LLC bought a new stake in shares of Dell Technologies during the 4th quarter worth $1,687,000. Enclave Advisors LLC acquired a new position in shares of Dell Technologies in the 4th quarter worth $848,000. Empowered Funds LLC raised its position in shares of Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock worth $3,502,000 after purchasing an additional 3,470 shares during the period. Finally, Retirement Systems of Alabama acquired a new position in shares of Dell Technologies in the 3rd quarter valued at $7,435,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on DELL shares. Wells Fargo & Company reduced their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. TD Cowen decreased their target price on Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, February 28th. The Goldman Sachs Group dropped their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Citigroup lowered their price objective on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Bank of America cut their price objective on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $136.41.

Dell Technologies Price Performance

NYSE:DELL traded up $5.24 during trading hours on Thursday, hitting $94.40. The company's stock had a trading volume of 6,355,464 shares, compared to its average volume of 10,381,478. The company has a market capitalization of $65.88 billion, a P/E ratio of 16.68, a PEG 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 fifty day simple moving average of $94.19 and a 200-day simple moving average of $111.60.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. 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. This represents a $2.10 annualized dividend and a dividend yield of 2.22%. Dell Technologies's payout ratio is 33.76%.

Insider Buying and Selling

In related news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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).