Zevenbergen Capital Investments LLC grew its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,480 shares of the technology company's stock after buying an additional 8,480 shares during the quarter. Zevenbergen Capital Investments LLC's holdings in Dell Technologies were worth $18,263,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the business. Woodmont Investment Counsel LLC boosted its holdings in Dell Technologies by 24.0% during the fourth quarter. Woodmont Investment Counsel LLC now owns 60,465 shares of the technology company's stock worth $6,968,000 after buying an additional 11,709 shares in the last quarter. Corebridge Financial Inc. lifted its position in shares of Dell Technologies by 36.9% during the 4th quarter. Corebridge Financial Inc. now owns 96,223 shares of the technology company's stock valued at $11,089,000 after acquiring an additional 25,949 shares during the period. Congress Wealth Management LLC DE boosted its stake in shares of Dell Technologies by 4,026.8% during the 4th quarter. Congress Wealth Management LLC DE now owns 204,275 shares of the technology company's stock worth $23,541,000 after acquiring an additional 199,325 shares in the last quarter. Vanguard Group Inc. increased its stake in Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Dell Technologies during the fourth quarter worth $13,137,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have weighed in on DELL shares. Citigroup dropped their price target on Dell Technologies from $156.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Bank of America dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Barclays upped their price target 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. Morgan Stanley cut their price objective on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Finally, 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 report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $141.24.
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Dell Technologies Stock Performance
Dell Technologies stock traded down $1.09 during midday trading on Tuesday, reaching $98.72. The stock had a trading volume of 4,801,563 shares, compared to its average volume of 10,079,763. The stock's 50-day simple moving average is $105.17 and its 200 day simple moving average is $116.59. 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 price-to-earnings-growth ratio of 1.10 and a beta of 0.83.
Dell Technologies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.13%. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is presently 33.76%.
Insider Buying and Selling
In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The sale 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 the business's stock in a transaction that occurred on 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 transaction, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 824,937 shares of company stock valued at $100,327,453. 46.70% of the stock is currently owned by corporate insiders.
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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