Freemont Management S.A. Takes $1.84 Million Position in Dell Technologies Inc. (NYSE:DELL)

Freemont Management S.A. purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 16,000 shares of the technology company’s stock, valued at approximately $1,844,000.

Several other hedge funds also recently modified their holdings of DELL. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies during the 4th quarter valued at $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies during the 4th quarter valued at $28,000. True Wealth Design LLC boosted its stake in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Dell Technologies during the 4th quarter worth $37,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Performance

DELL opened at $97.60 on Tuesday. The company has a market cap of $68.36 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The stock has a 50-day moving average of $107.25 and a 200-day moving average of $117.08. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70.

Dell Technologies Increases Dividend

The business 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. This represents a $2.10 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is 33.76%.

Wall Street Analyst Weigh In

DELL has been the subject of several research reports. UBS Group reduced their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Citigroup reduced their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Wells Fargo & Company reduced their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Finally, TD Cowen decreased their target price 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. Three research 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, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

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).