Vinva Investment Management Ltd Cuts Position in Dell Technologies Inc. (NYSE:DELL)

Vinva Investment Management Ltd reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 82.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,231 shares of the technology company's stock after selling 14,784 shares during the quarter. Vinva Investment Management Ltd's holdings in Dell Technologies were worth $371,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DELL. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new position in shares of Dell Technologies in the fourth quarter worth approximately $28,000. True Wealth Design LLC lifted its position in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after acquiring an additional 253 shares in the last quarter. Versant Capital Management Inc boosted its stake in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock worth $36,000 after purchasing an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in Dell Technologies during the fourth quarter valued at $37,000. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Performance

Shares of DELL stock traded down $1.09 on Tuesday, hitting $98.72. 4,801,563 shares of the stock traded hands, compared to its average volume of 10,058,435. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The stock has a market capitalization of $69.15 billion, a PE ratio of 17.44, a PEG ratio of 1.10 and a beta of 0.83. The firm's 50-day moving average price is $105.17 and its two-hundred day moving average price is $116.59.

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Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is currently 33.76%.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction dated 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 sale, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 824,937 shares of company stock valued at $100,327,453. Corporate insiders own 46.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Bank of America decreased their price target on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Barclays upped their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, UBS Group cut their price objective on Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently 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).