Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Prudential PLC

Prudential PLC raised its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,702 shares of the technology company's stock after purchasing an additional 5,192 shares during the quarter. Prudential PLC's holdings in Dell Technologies were worth $16,330,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Allen Capital Group LLC grew its stake in shares of Dell Technologies by 3.3% in the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock valued at $338,000 after buying an additional 95 shares in the last quarter. Brooklyn Investment Group increased its holdings in Dell Technologies by 18.7% during the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock worth $70,000 after purchasing an additional 96 shares during the period. Sunflower Bank N.A. raised its position 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 valued at $375,000 after purchasing an additional 98 shares in the last quarter. Bogart Wealth LLC boosted its stake in shares of Dell Technologies by 7.7% in the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock valued at $161,000 after buying an additional 100 shares during the period. Finally, Tortoise Investment Management LLC grew its position in shares of Dell Technologies by 23.0% during the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock worth $62,000 after buying 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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Analyst Ratings Changes

Several research analysts have commented on the stock. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. UBS Group dropped their target price on Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 28th. 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 report on Thursday, February 13th. Bank of America cut their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Finally, Barclays upped their price target on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $141.24.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm'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 completion of the sale, the director now owns 810,657 shares of the company's stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the company'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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 825,863 shares of company stock worth $100,413,839. Company insiders own 46.70% of the company's stock.

Dell Technologies Stock Down 7.3 %

DELL traded down $5.66 on Friday, hitting $71.57. 17,401,326 shares of the company traded hands, compared to its average volume of 10,279,507. Dell Technologies Inc. has a 12-month low of $69.45 and a 12-month high of $179.70. The company has a 50 day moving average of $101.57 and a 200-day moving average of $115.31. The stock has a market capitalization of $50.13 billion, a PE ratio of 12.64, a PEG ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The company 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 dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.93%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is presently 33.76%.

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).