Wellington Management Group LLP Reduces Position in Dell Technologies Inc. (NYSE:DELL)

Wellington Management Group LLP cut its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 91.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 74,387 shares of the technology company's stock after selling 758,561 shares during the quarter. Wellington Management Group LLP's holdings in Dell Technologies were worth $8,572,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DELL. Optimist Retirement Group LLC raised its holdings in Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock valued at $256,000 after acquiring an additional 463 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in Dell Technologies by 44.3% in the third quarter. EP Wealth Advisors LLC now owns 5,576 shares of the technology company's stock valued at $661,000 after purchasing an additional 1,711 shares during the period. Orion Portfolio Solutions LLC increased its position in Dell Technologies by 24.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,319 shares of the technology company's stock valued at $275,000 after purchasing an additional 449 shares during the period. MML Investors Services LLC boosted its position in Dell Technologies by 72.2% during the third quarter. MML Investors Services LLC now owns 33,518 shares of the technology company's stock valued at $3,973,000 after acquiring an additional 14,053 shares during the last quarter. Finally, M&T Bank Corp grew its stake in Dell Technologies by 32.4% during the third quarter. M&T Bank Corp now owns 39,383 shares of the technology company's stock worth $4,669,000 after purchasing an additional 9,630 shares during the period. 76.37% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

DELL has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Bank of America reduced their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley decreased their target price on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Finally, Citigroup reduced their price target on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and an average price target of $141.24.

Dell Technologies Price Performance

DELL stock traded up $5.01 during midday trading on Monday, reaching $86.94. 3,756,771 shares of the stock were exchanged, compared to its average volume of 8,918,326. The company has a fifty day moving average price of $98.16 and a 200 day moving average price of $113.31. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70. The stock has a market capitalization of $60.67 billion, a PE ratio of 15.36, a P/E/G ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a $0.525 dividend. 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 2.42%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's payout ratio is 33.76%.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is owned by insiders.

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).