SPX Gestao de Recursos Ltda Invests $19.71 Million in Dell Technologies Inc. (NYSE:DELL)

SPX Gestao de Recursos Ltda bought a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 171,000 shares of the technology company's stock, valued at approximately $19,706,000. Dell Technologies accounts for about 3.0% of SPX Gestao de Recursos Ltda's holdings, making the stock its 11th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. State Street Corp grew its position in shares of Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company's stock worth $1,513,401,000 after buying an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock valued at $746,596,000 after acquiring an additional 2,641,456 shares during the period. Swedbank AB increased its stake in Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock valued at $219,084,000 after purchasing an additional 1,690,709 shares during the period. Bank of New York Mellon Corp raised its stake in Dell Technologies by 63.6% during the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company's stock valued at $337,796,000 after acquiring an additional 1,139,318 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Dell Technologies by 5,047.4% during the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company's stock worth $131,170,000 after purchasing an additional 1,002,117 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

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Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business's stock in a transaction dated 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 sale, the director now owns 810,657 shares of the company's stock, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their position. 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 company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 825,662 shares of company stock worth $100,414,453 over the last ninety days. Corporate insiders own 46.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DELL shares. Melius Research raised their price target on Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Evercore ISI reiterated an "outperform" rating and issued a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Loop Capital dropped their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a research note on Monday, December 2nd. Finally, Morgan Stanley lowered their target price on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $141.24.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded down $2.30 during mid-day trading on Thursday, hitting $92.28. 4,540,696 shares of the company traded hands, compared to its average volume of 8,715,733. The firm has a market cap of $64.64 billion, a P/E ratio of 16.30, a PEG ratio of 1.10 and a beta of 0.83. The firm's 50 day simple moving average is $108.27 and its 200 day simple moving average is $117.21. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70.

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 issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.28%. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is currently 33.76%.

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).