Russell Investments Group Ltd. raised its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,841 shares of the technology company's stock after purchasing an additional 6,377 shares during the quarter. Russell Investments Group Ltd.'s holdings in Dell Technologies were worth $15,538,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Burns J W & Co. Inc. NY acquired a new position in Dell Technologies during the fourth quarter valued at $1,272,000. Sky Investment Group LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at about $1,687,000. Enclave Advisors LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $848,000. Empowered Funds LLC boosted its stake in shares of Dell Technologies by 12.9% in the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock worth $3,502,000 after buying an additional 3,470 shares during the last quarter. Finally, Retirement Systems of Alabama acquired a new stake in Dell Technologies during the third quarter worth about $7,435,000. Hedge funds and other institutional investors own 76.37% of the company's stock.
Dell Technologies Price Performance
NYSE DELL traded up $0.01 during mid-day trading on Tuesday, hitting $85.20. The stock had a trading volume of 2,352,882 shares, compared to its average volume of 10,358,463. The firm's 50 day moving average is $97.77 and its 200 day moving average is $113.07. The stock has a market capitalization of $59.46 billion, a price-to-earnings ratio of 15.06, 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.
Dell Technologies Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.46%. Dell Technologies's dividend payout ratio is 33.76%.
Analyst Ratings Changes
Several equities research analysts have commented on the company. TD Cowen lowered their price objective on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. Morgan Stanley lowered their price target 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. Wells Fargo & Company cut their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. lowered their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Finally, OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and an average target price of $138.88.
Get Our Latest Stock Analysis on Dell Technologies
Insider Activity at Dell Technologies
In other news, CAO Brunilda Rios sold 926 shares of the 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 completion of the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. This represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.
Dell Technologies Profile
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Free Report)
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).
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