Primecap Management Co. CA Sells 9,550 Shares of Dell Technologies Inc. (NYSE:DELL)

Primecap Management Co. CA cut its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 411,320 shares of the technology company's stock after selling 9,550 shares during the quarter. Primecap Management Co. CA owned approximately 0.06% of Dell Technologies worth $47,401,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies during the 4th quarter valued at approximately $1,272,000. iA Global Asset Management Inc. grew its stake in shares of Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company's stock valued at $1,345,000 after acquiring an additional 5,203 shares during the period. Sky Investment Group LLC purchased a new position in Dell Technologies in the 4th quarter worth approximately $1,687,000. Enclave Advisors LLC purchased a new position in Dell Technologies in the 4th quarter worth approximately $848,000. Finally, Empowered Funds LLC lifted its holdings in Dell Technologies by 12.9% in the 4th 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 in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 value of $59,750,657.85. Following the transaction, the director now owns 810,657 shares of the company's stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the transaction, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. This trade represents a 28.63 % 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 quarter. 46.70% of the stock is owned by insiders.

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Dell Technologies Trading Down 1.3 %

Shares of NYSE DELL traded down $1.30 during trading hours on Friday, hitting $97.62. 8,908,156 shares of the company traded hands, compared to its average volume of 10,060,242. The stock has a market capitalization of $68.38 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The company's 50 day moving average price is $105.59 and its 200 day moving average price is $116.57. Dell Technologies Inc. has a 12 month low of $86.93 and a 12 month high of $179.70.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.15%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is currently 33.76%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DELL. Deutsche Bank Aktiengesellschaft lowered their price target on Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, December 2nd. JPMorgan Chase & Co. lowered their price target on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Bank of America lowered their price target on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Melius Research boosted their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Finally, OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $141.24.

Dell Technologies Company 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).