OVERSEA CHINESE BANKING Corp Ltd Decreases Stock Position in Dell Technologies Inc. (NYSE:DELL)

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 91.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,319 shares of the technology company's stock after selling 43,873 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Dell Technologies were worth $507,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Smithfield Trust Co boosted its holdings in Dell Technologies by 8.0% during the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company's stock worth $134,000 after buying an additional 84 shares in the last quarter. Allen Capital Group LLC grew its position in shares of Dell Technologies by 3.3% during the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock valued at $338,000 after acquiring an additional 95 shares during the period. Brooklyn Investment Group increased its stake 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 purchasing an additional 96 shares in the last quarter. Sunflower Bank N.A. raised its holdings in 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 purchasing an additional 98 shares during the period. Finally, Bogart Wealth LLC boosted its position in Dell Technologies by 7.7% during the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock worth $161,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

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Dell Technologies Stock Performance

Shares of NYSE DELL traded down $1.09 during midday trading on Tuesday, reaching $98.72. 4,801,563 shares of the stock were exchanged, compared to its average volume of 10,064,053. The stock has a market capitalization of $69.15 billion, a P/E ratio of 17.44, a PEG ratio of 1.10 and a beta of 0.83. The company has a 50 day simple moving average of $105.38 and a 200 day simple moving average of $116.61. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.13%. The ex-dividend date 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 33.76%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction 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 completion of the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DELL has been the topic of several recent analyst reports. Morgan Stanley decreased their price objective 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. Deutsche Bank Aktiengesellschaft lowered their price objective on Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, December 2nd. Barclays raised their target price on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. UBS Group dropped their price target on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, Mizuho decreased their price objective on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $141.24.

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).