Symmetry Investments LP Purchases 186,788 Shares of Dell Technologies Inc. (NYSE:DELL)

Symmetry Investments LP grew its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 3,459.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 192,188 shares of the technology company's stock after purchasing an additional 186,788 shares during the quarter. Dell Technologies makes up approximately 1.2% of Symmetry Investments LP's holdings, making the stock its 15th biggest holding. Symmetry Investments LP's holdings in Dell Technologies were worth $22,148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DELL. Price T Rowe Associates Inc. MD grew its position in shares of Dell Technologies by 0.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 553,802 shares of the technology company's stock valued at $63,821,000 after buying an additional 2,012 shares during the last quarter. Pinebridge Investments L.P. acquired a new stake in shares of Dell Technologies during the 4th quarter worth approximately $32,124,000. Dark Forest Capital Management LP acquired a new position in Dell Technologies during the 4th quarter valued at approximately $382,000. SIH Partners LLLP bought a new position in Dell Technologies during the 4th quarter worth $1,170,000. Finally, J. Safra Sarasin Holding AG increased its position in Dell Technologies by 3.9% in the fourth quarter. J. Safra Sarasin Holding AG now owns 31,079 shares of the technology company's stock worth $3,582,000 after buying an additional 1,168 shares during the period. 76.37% of the stock is owned by institutional investors.

Dell Technologies Trading Up 5.9 %

DELL stock traded up $5.24 during midday trading on Thursday, reaching $94.40. The company had a trading volume of 6,356,069 shares, compared to its average volume of 10,399,790. The company has a 50 day moving average of $93.79 and a two-hundred day moving average of $111.43. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70. The company has a market capitalization of $65.88 billion, a P/E ratio of 16.68, a PEG ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company 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 dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This is an increase 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 2.22%. Dell Technologies's dividend payout ratio (DPR) is 33.76%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DELL. Citigroup cut their price objective on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. TD Cowen reduced their price objective on Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, February 28th. The Goldman Sachs Group lowered their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. reduced their price target on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Wells Fargo & Company cut their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $136.41.

Insider Buying and Selling at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 46.70% of the company's stock.

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).